The phrase “Supply Chain Management” was first coined in 1982. The idea of a “Blockchain” was conceived in 2008 although the concept of a chain of blocks began as early as 1991, and use of the word Blockchain itself has only become popular in the last few years.
Blockchain has rapidly become a very widely used term, at first intended to describe the enabling technology platform behind Bitcoin. However as awareness and knowledge of the technology has been increasingly understood the words Blockchain and Supply Chain are more often used together.
As people become more familiar with Blockchain, and consider it’s applicability in their strategic Supply Chain plans, we thought it important to clarify how Blockchain and Supply Chain are different yet mutually supportive.
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