Blockchain: Revolutionary Concept for the Supply Chain
What is blockchain?
Blockchain is a secure database that holds records of digital data or events in a way that makes them tamper-resistant. Blockchain technology makes it easier and safer for businesses to work together over the internet.
How will blockchain technology will enable greater supply chain efficiency?
Blockchain creates a permanent history of a product, from manufacture to sale. It could dramatically reduce time delays, added costs, and human error that plague transactions today.
Blockchain technology offers shippers several advantages:
- Enhanced Transparency
- Greater Scalability
- Better Security
- Increased Innovation
Read more from SupplyChain247 on how blockchain technology will shape and impact the future supply chain.