The Next Great Leap in Supply Chain Transparency: Blockchain!

It’s no secret that transparency is the name of the game and the next great leap 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

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Blockchain Technology is the Antidote to the Bullwhip Effect!

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. Could blockchain technology change all that?

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.

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6 Reasons Why Bitcoin Technology is Popular in Healthcare!

Developing nations have put a lot of cash into medical care. The more significant part of rich nations is dependent on blockchain innovation to upgrade their economies. And Bitcoin technology is popular in healthcare.

It will be fit for a broad scope of assignments. It is continually giving safe encryption of patient data to deal with disease and plagues. Blockchain innovation keeps on giving various advantages to the medical services industry.

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Using Blockchain to Solve Agricultural Supply Chain Issues!

Blockchain technology is usually directly linked to financial sectors, but it has a vast range of applications beyond cryptocurrencies. This technology can be used to transform several sectors, such as the health industry, agricultural industry, real estate, banking, and law.

With the advancement of digital media and the growing awareness amongst the youth, people want to know exactly where their food comes from. The rise in food adulteration may be one of the primary reasons why the desire to eat healthy, unprocessed, and organic food has increased recently.

The surge in such demands has resulted in agribusinesses searching for agricultural supply chain management options to improve food quality, safety, and traceability of the entire farming supply chain.

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