Hire NFT Marketplace Developers in Iowa | NFT Marketplace Development Company Iowa

Uses of NFTs in the Supply Chain

The Advantages of NFTs

• Security: The transfer of information between the different agents that participate in the supply chain is highly secure. The data of an NFT is stored in the blockchain network through a smart contract, making the information entered cannot be destroyed, deleted, or replicated without authorization. Everything is registered in each of the nodes that make up the network.
• Traceability: When working with food, pharmaceutical, and chemical products, as well as perishables, it is important to know what logistics and manufacturing processes they have been through, where they have been, and for how long. With NFT technology, transparency is total, so that anyone will have complete traceability of the product in real-time.
• Responsibility: Thanks to the NFT, we will be able to know who is in charge of a good at any given time. In addition, both parties must reach a liability agreementto send an NFT. In other words, an NFT cannot be sent if the counterparty does not agree to receive it, just as they will not deliver the goods if the responsible party has not received the NFTs.

NFT in Art

NFT in the Voting

Greater Security and Traceability