Blockchain for Supply Chain
That blockchain technology is a disruptive and revolutionary technology we all know. But what people haven’t totally figured it out yet is how it can be helpful for almost any type of industry, including Supply Chain. This is one of the most traditional business in the market, but that struggles a lot when it comes to innovation and reinvents themselves. But distributed ledger technology can change this. Here are 3 way of blockchain can change the supply chain industry: Automation of key process - As we know, there are too many parties involved in the supply chain, meaning there’s also a lot of paperwork involved to guarantee that everyone complies with what was settle. Blockchain allows us to create Smart Contract, a digital and self-executed contract. Once all the conditions are settle everything happens automatically, without the need for human intervention and papers. Increase trust and security - Once data is stored in the blockchain network, it can’t be changed, ...