Blockchain technology can be applied to improve visibility in supply chains. But with increased transparency, SCRM is faced with new challenges. In this article, the application of blockchain technologies' effects on supply chain risks are analyzed. For this purpose, a fictitious case is created ...
Thus, the use of blockchain in supply chain management could bring the benefits of traceability, transparency and tradability. Let’s dive into how blockchain technology can add value to supply chains. Security and Transparency Since the information in each node of a blockchain cannot be lost ...
Blockchain isa category of distributed ledger technology in which transactions are added to connected data blocks and the information is kept on a group of linked computers. In the area of supply chain management, its potential benefits include enhanced security, reduced cost, improved supplier relati...
Now, many people would think of the possible reasons to bring inblockchain for supply chainmanagement. In order to understand thebenefits of using blockchain in supply chain, it is important to know the existing status of supply chain management. There is no doubt that the management of modern...
In recent years, we've witnessed remarkable advancements in technology, yet the world of blockchain remains enigmatic. At its core, a blockchain is an open, distributed ledger—a series of interconnected blocks containing information. One of its most intriguing features is that once data is recor...
Blockchain has tremendous potential to revolutionize the global supply chain sector. Read this blog post unveiling top 5 Blockchain use cases in supply chain.
Seaport of Antwerp: Using Blockchain to Improve Traffic Management Recently, Antwerp’s economy has been steadily growing, making the local port second-largest in Europe. The trend resulted in the increase of freight volumes and unveiled container management challenges. ...
Blockchains are on the top of the Gartner Hype Cycle 2016 and many start-ups are integrating blockchains into their technology portfolio. While blockchains have emerged in the context of financial applications, non-financial application areas are of interest as well. In this paper, modum.io ...
In fact,improving supply chain processeswill be the "killer" amongblockchain use cases, according to Bill Fearnley, IDC research director of worldwide blockchain strategies, who spoke at the IDC Directions 2018 conference held here. "I get asked often 'What are the killer [blockchain]...
In 2021, cross-border payments and settlements were considered the largest individual blockchain technology use case, accounting for close to 16 percent of the global blockchain technology market.