Blockchain Archives - Supply Chain Game Changer™

How is Blockchain Technology Revolutionary?

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Blockchain Technology Reshaping SCM!

Blockchain technology revolutionary article and permission to publish here provided by Jean Nichols.

Bitcoin seems to be rising in terms of price and value. The coin seemed to have traversed a considerable path from just a few pennies and cents to coming close to 70K USD.

There is a growing trend in the market claiming that the coin has an interesting thing to share. One can find a good amount of lip service being given to Bitcoin by the top companies that seemed to be adding the current financial status quo.

The Non-Fungible Token (NFT) Overview!

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Blockchain and Information Governance! (Infographic)

Non-fungible token article and permission to publish here provided by Jean Nichols.

We can consider the Non-Fungible Token (NFT) as the cryptographic asset which operates on blockchain technology and does have a unique identification process. However, every NFT is differentiated because of its distinguishing features.

Many people confuse NFT with cryptocurrencies, but it is crucial to clarify that they are entirely different from crypto coins.

4 Industries That Blockchain Will Disrupt!

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Blockchain Continues to Make its Way into the Supply Chain World!

Industries that Blockchain will disrupt article and permission to publish here provided by Jean Nichols.

As you might be aware, blockchain is rapidly gaining popularity. But it’s still starting to raise questions around corporate strategies. In reality, several companies have discovered that blockchain technology is superior to existing methods for performing critical tasks.

Let’s have a peek at the four big industries that are being impacted by blockchain technology.

Why Polkadot Could Be Great For Blockchain!

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Blockchain and Information Governance! (Infographic)

Polkadot is a blockchain 3.0 platform that allows for the creation of interoperable blockchains, offering scalability and security. The idea behind Polkadot is that if you want to create a new application or run an existing one, you could build it on top of one of these interoperable blockchains and have access to all their benefits without having to start from scratch.

This means that anyone who wants to create their own blockchain can do so using this framework instead of having to find engineers who understand how each individual piece works separately in order to build something new from scratch.

What is Blockchain? And How Does it Work? (Infographic)

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Blockchain Technology is the Antidote to the Bullwhip Effect!

Blockchain!

What is all the fuss about? It’s a word that was rarely used or even heard of in Supply Chain not that long ago. But now it is very common to hear about Blockchain. Further it is often used in the context of being a necessary and integral part of any Digital Supply Chain Strategy.

Most companies do not yet have a Blockchain strategy. More importantly most people do not even know what it is. How can you have a strategy for something if you don’t know what it is? So, as with anything, let’s start at the beginning.

What exactly is Blockchain?

Blockchain and Information Governance! (Infographic)

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Blockchain Continues to Make its Way into the Supply Chain World!

Blockchain Information Governance article and infographic, and permission to publish here, provided by Josh Wardini.

Consider any company that procures goods and services from a vendor. There are numerous processes involving several departments which have to draft different records – purchase orders, term sheets, statements of work, incremental revisions, etc. These records are crucial for resolving any disputes.

Now, imagine there was a disagreement and forged documents were presented. It would be a long, tedious, and most probably costly process before parties get to the bottom of the issue. That’s why we need information management, which main task would be to keep track of all documents.

Blockchain Continues to Make its Way into the Supply Chain World!

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The 5 Levels of Supply Chain Transparency!

Blockchain continues article provided by http://argentus.com. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement.

A few months back, we wrote about Blockchain as an emerging technology and tool for Supply Chain transparency.

It’s a pretty incredible technology that stands to reshape big aspects of the economy in general and Supply Chain in particular – but it’s also pretty difficult for the common person to understand, which doesn’t help matters.

But Blockchain is coming, and it offers the potential to shake up Supply Chain and Logistics like few other technologies coming down the pike.

What are the Highest Paid Blockchain Jobs?

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Highest paid Blockchain jobs article and permission to publish here provided by Sophie at mrcrypto.cc.

It’s been a few years since the world has been looking at the rise of new technology, specifically with the progress of revolutionary blockchain technology. This technology has become a solution to problems faced by various industries like healthcare, logistics, real estate, education, and supply chain. The integration of this technology is increasing at a drastic rate over many industries.

The buzz is that many popular and powerful companies are looking for collaborations and partnerships to launch pilot projects with blockchain technology.

Because of its unending advantages, blockchain has been continuously receiving offers from global leaders, renowned industry experts, and emerging entrepreneurs.

In fact, Blockchain is labeled as a portent for the upcoming industrial revolution. If you are looking forward to taking blockchain technology as a career for successful living, you are on the perfect track pursuing Blockchain jobs.

Blockchain in the Supply Chain is a Game Changer!

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Blockchain in the Supply Chain article originally published on https://cerasis.com. Permission to publish here provided by Adam Robinson.

The application of blockchain in the supply chain is among the greatest innovations to take root in the shipping industry.

The application of blockchain holds promises to increase visibility, renew viability, reduce inconsistency, increase payment processing accuracy, and eliminate compliance problems.

Even though the technology is still new, its potential cannot be ignored, and supply chain executives need to know why.

Blockchain Technology Reshaping SCM!

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The 5 Big Benefits of the Digital Supply Chain!

Blockchain technology reshaping SCM article originally created and published by, and permission to publish here provided by, Sam Jenks at http://www.kodiakrating.com

Growing global complexity in supply chain management has forced organizations to look towards technology as their silver bullet; serving as the missing link between people (supply chain actors) and the ability to collaborate at scale.

Blockchain technology is one of the most hyped amongst the currently developing technologies, hypothesized to make one of the greatest impacts in supply chain management — especially procurement and logistics — in the coming years. If SCM tech were a summer reading list, Blockchain would be the Twilight trilogy.

What is the Lightning Network of Bitcoin?

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Considerations Before Investing in Bitcoin!

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Lightning network article and permission to publish here provided by Jean Nichols.

Lightning Network (LN), a dielectric constant that allows bitcoin users to conduct off-chain payments, is considered a tournament in cryptocurrency development. The infrastructure will accelerate process transactions and lower operating costs on the blockchain system once implemented across all endpoints.

The installation of emerging technologies has sped up since the early part of this year. On the cloud infrastructure, there had been 977 nodes trying to run 1,827 platforms as of this writing. However, only a few Hyperledger fabric nodes in the crypto industry haven’t stopped publications from heralding modern technologies as a bitcoin saviour.

The Next Great Leap in Supply Chain Transparency: Blockchain!

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The 5 Levels of Supply Chain Transparency!

The next great leap article provided by, and permission to publish here provided by, http://argentus.com.

It’s no secret that transparency is the name of the game in today’s world-class Supply Chains. More and more consumers are demanding accountability and openness about where their products come from. More world-beating companies are recognizing that the goodwill you get from transparency in your Supply Chain can be a major source of competitive advantage – while also helping to make the world a more humane place.

Today, we wanted to write about an emerging Supply Chain technology – as we love to do – that’s poised to offer unparalleled transparency to companies and consumers. It’s a technology that the Supply Chain trade press is buzzing about, and also one that lots of companies are taking a closer look at as the next great leap : Blockchain

Blockchain Technology is the Antidote to the Bullwhip Effect!

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Blockchain Continues to Make its Way into the Supply Chain World!

Blockchain technology article and permission to publish provided by Jake Rheude at https://redstagfulfillment.com/

It happens everywhere, all the time in retail and in ecommerce: a supplier doubles their output to prevent a shortage in case multiple distributors place their orders simultaneously; a fulfillment warehouse doesn’t call in enough workers during Black Friday and delays package shipments by days.

It’s the bullwhip effect, and it’s a huge reason why something like €3.5 trillion (worth $4.1 trillion) are locked up in net working capital in today’s supply chains. But could blockchain technology change all that?

Can Blockchain Unblock Supply Chain?

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Can Blockchain unblock Supply Chain article written by, and permission to publish here provided by, “SK” Sanjeev Kumar Roy.

When people hear about Blockchain technology they think of “Bitcoin” and because of this association – The underlying Blockchain technology has been always been viewed suspiciously due its rather radical approach to data sharing on an open platform using cryptography.

However the application of the Blockchain technology itself is not just limited to digital currency as the technology can be used for open collaboration for any information across almost any industry.

This article introduces the concept of Blockchain technology and discusses its application in revolutionizing the traditional supply chain processes which are often based on “multiple bilateral links joined together to form a chain” as opposed to the Blockchain which is based on the “formation of an open ecosystem for collaboration”.

The Next Generation Supply Chain is Cloud Computing!

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The Coming Evolution of the Digital Supply Chain!

Cloud computing article originally created by, and permission to publish here provided by, Michael Gaughan at http://www.land-link.com/blog.

We’re going to take a look at cloud computing and how it integrates all supply chain technologies. Cloud computing has been around for a while but growing in popularity and integration.

All data will eventually reside in the cloud. Let’s be sure we understand what the cloud is. The cloud refers to software and services that run on the Internet, instead of locally on your computer.