Using Blockchain to Improve Supply Chain Processes
Posted by Indrajeet on November 11th, 2019
Managing the supply chain is a complicated process that involves carrying products from manufacturers and suppliers to consumers through a complex web of transactions. Food, beverages, clothing and other consumer goods change many hands before reaching consumers.
Enhanced Inventory Management
Blockchain technology enables businesses to keep a record of every single transaction. It enhances transparency between distributors, suppliers, retail partners, and production sites for better management of goods or services. The information stored in a blockchain platform can be accessed by people involved in the process to avoid disruption or confusion.
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About the AuthorIndrajeet
Joined: April 10th, 2019
Articles Posted: 74
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