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Blockchain: Industry Perspectives
Blockchain technology offers value to middle market companies across industries
Middle market leaders should be prepared for the disruptive effects of blockchain on supply chains. The impact on margins will come when processes move more efficiently, trimming costs because an intermediary is no longer involved. Blockchain technology is typically globally distributed. This allows for greater flexibility in business transactions due to its borderless structure and year-round availability. This disruption won’t be driven by middle market clients but by Fortune 50 companies and non-U.S. entities. Eventually, however, middle market companies will have to implement blockchain to meet customer expectations.
What considerations should middle market food and beverage businesses be thinking about now to ready their future blockchain efforts?