The Way We Work: Blockchain in the Supply Chain.

This is how artificial intelligence thinks blockchain can help supply chain:

Blockchain is a decentralized database that allows for the secure and transparent recording of transactions. It has the potential to transform a wide range of industries, including supply chain management. Some of the ways in which blockchain can help supply chain include:

Improved traceability: Blockchain can be used to track the movement of goods through the supply chain, providing a transparent and secure record of the journey from supplier to customer. This can help to improve traceability and reduce the risk of counterfeiting or other fraudulent activities.
Enhanced efficiency: Blockchain can help to streamline and automate supply chain processes, reducing the need for manual data entry and improving the speed and accuracy of information sharing. This can help to improve efficiency and reduce the risk of errors.
Improved collaboration: Blockchain can facilitate collaboration and information sharing among supply chain partners, allowing for better communication and coordination across the supply chain.
Reduced costs: Blockchain can help to reduce the costs of supply chain management by streamlining processes, improving efficiency, and reducing the need for intermediaries.

Overall, blockchain has the potential to transform supply chain management by improving traceability, enhancing efficiency, improving collaboration, and reducing costs.

Blockchain will revolutionize supply chain, especially in the transportation area. There is finally a way to track product all the way through the supply chain.

Digital Supply Chain Quotes

“Research the hype and facts but understand blockchain is a game changer for supply chain.” ~SupplyChainToday.com.
“Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” ~Richard Branson
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” ~ Bill Gates.
“Great companies understand the strategic importance of supply chain and want people with supply chain experience in the c-suite.” ~EverythingSupplyChain.com.
“Imagination is everything. It is the preview of life’s coming attractions.” ~ Albert Einstein
“If anything is certain, it is that change is certain. The world we are planning for today will not exist in this form tomorrow.” ~ Phil Crosby.
“New ways to improve the supply chain: artificial intelligence, IoT, big data, augmented reality, blockchain, drones, machine learning.” ~SupplyChainToday.com
“Today’s leading real-world retailer, Wal-Mart, uses software to power its logistics and distribution capabilities, which it has used to crush its competition.” ~Mark Andreesen, co-founder of Netscape and entrepreneur.
“Be a supply chain innovator. Research Internet of Things (IoT), Machine Learning, Deep Learning, Big Data, Blockchain, Drones, Augmented Reality, Artificial Intelligence…” ~EverythingSupplyChain.com.
“Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.” ~Michael Dell
“Remember all the hype behind B2B procurement? Some was true was was not. Ask lots of questions about the digital supply chain.” ~EverythingSupplyChain.com.