$ADAC “Blockchain technology reaches far beyond just cryptocurrencies and bitcoin. Truthfully, at its core, blockchain is simply a shared, highly secure, ledger for recording the history of transactions. Therefore, we can apply this technology to track parts, record vendor performance, and even automate our supply chain and ordering process,” stated Harold Tanner, President of Adama Technologies. Mr. Tanner also serves as head of operations for the defense contracting company and he believes that the integration and innovation that exists within the blockchain currently being developed for Adama’s CRYX store has numerous applications for the company’s defense contracting operations.
The Company cited the recent developments with IBM (NYSE: IBM) and the launch of their IBM Blockchain platform, the first of its kind. IBM has created a fully integrated, business-ready blockchain platform which they state can accelerate development, governance and operation of a multi-institution business network.
“Block chain technology has the ability to automatically place orders for parts and materials when our inventories are running low, it could even automate or expedite payment and contract settlement periods, allowing us to collect money quicker and earn additional revenue.,” explained Mr. Tanner. “Additionally, this technologies could enable us to give our clients, including the United States Government, unparalleled reporting and data and revolutionize quality control and efficiencies.”
The Company stated that they are continuing to develop the CRYX store and token and are hoping to have updates soon on the launch of that marketplace. Mr. Tanner concluded, “As we move closer to the launch date of CRYX, we are really excited about taking what we have learned and developed and integrating those applications into our existing manufacturing operations. I truly believe these technologies will give us a huge upper hand when it comes to bidding new contracts and securing new clients.” Company Announces New Blockchain Opportunities https://finance.yahoo.com/news/adama-technolo...00123.html
The Company cited the recent developments with IBM (NYSE: IBM) and the launch of their IBM Blockchain platform, the first of its kind. IBM has created a fully integrated, business-ready blockchain platform which they state can accelerate development, governance and operation of a multi-institution business network.
“Block chain technology has the ability to automatically place orders for parts and materials when our inventories are running low, it could even automate or expedite payment and contract settlement periods, allowing us to collect money quicker and earn additional revenue.,” explained Mr. Tanner. “Additionally, this technologies could enable us to give our clients, including the United States Government, unparalleled reporting and data and revolutionize quality control and efficiencies.”
The Company stated that they are continuing to develop the CRYX store and token and are hoping to have updates soon on the launch of that marketplace. Mr. Tanner concluded, “As we move closer to the launch date of CRYX, we are really excited about taking what we have learned and developed and integrating those applications into our existing manufacturing operations. I truly believe these technologies will give us a huge upper hand when it comes to bidding new contracts and securing new clients.” Company Announces New Blockchain Opportunities https://finance.yahoo.com/news/adama-technolo...00123.html
