Who can be considered as participants in a business network?

Participants in a business network can include customers, suppliers, and partners because a business network is inherently collaborative and encompasses various stakeholders who contribute to the overall success of the network. These participants play essential roles in the value chain, as customers provide demand, suppliers supply goods and services, and partners may bring additional resources or expertise that enhance business processes.

In a decentralized network such as a blockchain, each of these participants can interact directly and transparently with one another, fostering trust and improving transactional efficiency. By including a diverse range of participants, the network can leverage different perspectives, resources, and capabilities, ultimately leading to a more robust and resilient business ecosystem.