U.S., Nov. 24 -- Joseph Shamir, CEO ToolsGroup, discusses the benefits of blockchain technology in supply chain.

Blockchain and its future derivatives will introduce a new standard and infrastructure to manage the new strategic resource: data. Today big, powerful companies like Amazon, Facebook and Google benefit disproportionately from data because there has been no practical way to share data's value without compromising privacy and security. Blockchain fundamentally changes this game. Its ability to provide regulated transparency while protecting data's intrinsic security, veracity and above all, value, democratises data and allows its future regulation as a strategic resource. In supply chain, blockchain significantly increases the u...