Strengthening Cold Supply Chain Management with Blockchain and IoT

submitted 4 years ago by oodlesblockchain1 to bitcoin

In any industry like pharmaceuticals, food, beverages, or chemicals, timely delivery of products as per contractual terms is always critical. However, the delivery of products packaged in the cold supply chain frequently meets with loss of time and costs. It is because, from manufacturing to end consumers, there are many different parties involved in any cold chain. Thousands of shipments pass through many points every day, without any delay. Then, it involves product monitoring, which requires to be conducted in silos across by disparate stakeholders. It gives rise to multiple systems of records, which eventually leads to creating distrust of the legal contracts. Let’s take a look at how the blockchain supply chain application development improves the cold supply chain.