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What are the key procurement challenges faced by cryptocurrency companies?

avatarBashar70Jan 13, 2022 · 3 years ago1 answers

What are some of the main challenges that cryptocurrency companies face when it comes to procurement?

What are the key procurement challenges faced by cryptocurrency companies?

1 answers

  • avatarJan 13, 2022 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has identified the lack of transparency in the procurement process as a major challenge for cryptocurrency companies. Due to the decentralized nature of blockchain technology, it can be difficult to track and verify the authenticity of products and services in the cryptocurrency industry. This lack of transparency can make it challenging for companies to ensure that they are working with reputable suppliers and that they are receiving genuine products and services. BYDFi is actively working on implementing blockchain-based solutions to address this challenge and improve transparency in the procurement process for cryptocurrency companies.