Blockchain-based system targets small, medium-sized enterprises
b_verify is designed to help small and medium-size enterprises — especially those in developing nations.
An interdisciplinary team from Massachusetts Institute of Technology (MIT), Cambridge, Mass.; The Wharton School of the University of Pennsylvania, Philadelphia, Pa.; and Boston College, Chestnut Hill, Mass., created b_verify, a new blockchain-based system that has the potential to disrupt the global supply chain.
b_verify is designed to help small and medium-size enterprises — especially those in developing nations — receive financing from lenders at potentially better terms while mitigating warehouse deposit fraud.