Editing Supply@ME Capital
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==== Internet of things ==== | ==== Internet of things ==== | ||
One key way to gather lots of useful information about inventory is to add sensors to the inventory and track the inventory over a communication network, such as the internet [i.e. via the Internet of things (IoT)<ref>The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.</ref>]. Indeed, the | One key way to gather lots of useful information about inventory is to add sensors to the inventory and track the inventory over a communication network, such as the internet [i.e. via the Internet of things (IoT)<ref>The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.</ref>]. Indeed, the IMF paper mentioned that the IoT will allow the real-time tracking of goods, which could become an important source of (big) data.<ref name=":2" /> | ||
==== Smart Contracts ==== | ==== Smart Contracts ==== | ||
Another way to lower the finance cost is to execute events | Another way to lower the finance cost is to execute events and actions according to the terms of a contract or an agreement automatically, via something called Smart Contracts<ref>A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions.</ref>. | ||
==== Distributed ledger technology ==== | ==== Distributed ledger technology ==== |