Blockchain For Supply Chain Management | Applications across Industries

submitted 3 years ago by anjaliyadavoodlestechnologiescom to bitcoin

Supply chain executives need inventive solutions to driving efficiencies and responsiveness to shocks and excel in the age of digital transformation. Surprises from unpredictable variables are ever-present threats. They range from temperature change and geopolitical developments to changing business dynamics. However, businesses can evolve supply chain processes into smart workflows with the advancement of the blockchain supply chain development. They can achieve new levels of responsiveness and creativity. They can challenge siloed processes to discover efficiencies, enable the teams to adopt and execute, and leverage new technology like blockchain, AI, and IoT. The combination of these technologies can unlock various transformational opportunities, including demand preparation, order orchestration, and fulfillment at any stage of the value chain.