Your business’s foundation is its supplier chain. You need to make the process of getting your product from the producer to the consumer as frictionless as possible, regardless of whether you’re selling things on Amazon or a virtual currency. Blockchain Technology in Supply Chain Management A decentralized network (chain) of blocks called a blockchain enables […]
It’s a new era, and modern businesses must adjust their supply chain accordingly. But what exactly does that mean? Thanks to modern technology, decentralizing your supply chain is a viable option. But what are the pros and cons of decentralized solutions? 1. Pros of decentralized supply chain solutions Lowering costs at the local level is […]
Blockchain can help users and companies keep a track of price, date, location, quality, and other relevant information for effective management of the supply chain. This increases the traceability of the material supply chain, minimizes the losses and costs incurred from counterfeit products, and improves visibility and compliance which in turn enhances the organization’s market […]
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