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

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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?

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Blockchain and Information Governance! (Infographic)

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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.

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

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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.

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What are the Highest Paid Blockchain Jobs?

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Unchaining Change Leadership

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.

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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.

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Blockchain Technology Reshaping SCM!

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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.

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