This article explores how blockchain technology is driving value within supply chain operations
Supply chain operations have evolved rapidly over the past two years, as a result of the COVID-19 pandemic. Innovation to increase efficiency while staying protected from cyber attacks have become paramount for ensuring that products safely reach customers. Blockchain technology has been playing its role in supporting the supply chain from start to finish. With this in mind, we take a look at some of the most valuable use cases for blockchain in the supply chain.
The benefits of immutability
One of the biggest selling points for blockchain technology generally, which is driving value in sectors from financial services to healthcare, is its immutability. Any information stored on a ledger cannot be altered, making the technology ideal for keeping records of any products being distributed through the supply chain.
Alejandro Tornero, general manager OARO Eco-NFT at OARO, explained: “The best way to ensure a secure supply chain is an indisputable ledger – a record of product and its provenance. Blockchain can provide that ledger.
Continue reading: https://www.information-age.com/blockchain-technology-for-supply-chain-123498757/
Supply chain operations have evolved rapidly over the past two years, as a result of the COVID-19 pandemic. Innovation to increase efficiency while staying protected from cyber attacks have become paramount for ensuring that products safely reach customers. Blockchain technology has been playing its role in supporting the supply chain from start to finish. With this in mind, we take a look at some of the most valuable use cases for blockchain in the supply chain.
The benefits of immutability
One of the biggest selling points for blockchain technology generally, which is driving value in sectors from financial services to healthcare, is its immutability. Any information stored on a ledger cannot be altered, making the technology ideal for keeping records of any products being distributed through the supply chain.
Alejandro Tornero, general manager OARO Eco-NFT at OARO, explained: “The best way to ensure a secure supply chain is an indisputable ledger – a record of product and its provenance. Blockchain can provide that ledger.
Continue reading: https://www.information-age.com/blockchain-technology-for-supply-chain-123498757/
