That's right! Wal-Mart is getting involved in the blockchain space, and with the kind of spending power this mega-company brings to the table, this is good news for the widespread adoption of blockchain technology (though it probably has little correlation with the price of bitcoin). In the article (link at the end of this post), a survey was quoted to say that 42% of major manufacturing companies plan on spending $5 million or more in the development of blockchain technology in 2018.
Just to put a plug in here for Bryce Distillery, we have created our own token and are launching a crowdfunding campaign (not to be mistaken with an ICO) in which a large part of our earnings will go toward the development of the blockchain technology in this token to track supply chain management in the alcohol industry.
As the article says, there are great inefficiencies in supply chain management, which range from minor inaccuracies to complete fraud, but each inefficiency in this globalized world compounds with the next, resulting in billions of dollars lost, meaning greater environmental impact and a higher price for the end consumer.
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