Revolutionizing SCM: Blockchain Tech and Stellar's Soroban Platform Lead the Way in Secure, Scalable Solutions
July 10, 2024![Revolutionizing SCM: Blockchain Tech and Stellar's Soroban Platform Lead the Way in Secure, Scalable Solutions](https://cdn.brief.news/static/default-preview-images/6.png)
Blockchain technology is significantly impacting supply chain management (SCM) and financial services by enhancing security through textual data encryption and access control.
Authors Imran Khan, Qazi Ejaz Ali, Hassan Jalil Hadi, Naveed Ahmad, Gauhar Ali, Yue Cao, and Mohammed Ali Alshara emphasize the role of smart contracts in aligning business logic and tracking SCM activities.
A proposed technique validates hashes, converts data to textual format, encrypts code, and implements permission-based access control to improve blockchain integrity and data privacy.
Stellar is emerging as a promising platform for Web3 builders, addressing needs for funding, scalability, liquidity, and user count.
The newly launched Soroban smart contracts platform on Stellar offers a global network of on-ramps and over 80,000 USDC on-ramp locations worldwide, enhancing developer capabilities.
Stellar's stability, efficiency, and low operational costs are bolstered by a $100 million investment in projects utilizing smart contracts.
Notable projects on Stellar include Soroswap, Band Protocol, Phoenix, and Blend Protocol, illustrating the platform's robust, scalable, and user-friendly environment for decentralized solutions.
Investors are encouraged to monitor these advancements to seize opportunities in the rapidly evolving blockchain landscape.
Summary based on 10 sources
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![The Future of Cryptocurrency and Blockchain: Trends and Insights](https://cdn.brief.news/images/links/aa8deca3613a8a92fd57c03e94acf0d28dca33f5d6a45e681df1f5a22c96fcaa55c441d5e876867cd78f41d6615e866ab0529d8689396736c73b37a7a0fcee73.jpg)
Medium • Jul 9, 2024
The Future of Cryptocurrency and Blockchain: Trends and Insights![Build Better With Stellar Smart Contract Challenge: A Companion Guide](https://cdn.brief.news/static/default-preview-images/1.png)
DEV Community • Jul 9, 2024
Build Better With Stellar Smart Contract Challenge: A Companion Guide