The Need for Supply Chain Blockchains
▻https://hackernoon.com/the-need-for-supply-chain-blockchains-387e3e10be74?source=rss----3a8144e
Last week, Reuters broke the story that Johnson & Johnson’s Baby Powder product has previously shown traces of asbestos.Although J&J strongly denied knowing it, stocks went into freefall, losing around 10% overnight. Finance journals are warning investors against buying the dip, given the risks of long-term reputational damage.It’s a fair assessment given that Baby Powder is one of J&J’s flagship products, trusted by parents worldwide. Asbestos is a fibrous carcinogenic mineral and a known public health hazard. Industrial exposure to asbestos has resulted in millions developing deadly cancers, and in turn, millions of lawsuits.The Supply Chain Transparency ProblemAnother example is where food manufacturers tried to dilute the global supply of honey with other, cheaper sugary (...)
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