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Showing posts from November, 2019

CAN BLOCKCHAIN IN SUPPLY CHAIN LOGISTICS DISRUPT THE WAY THEY'RE TRADITIONALLY OPERATING?

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Blockchain, being the talk of the digital era, serves as a public ledger that records digital currency transactions. The technology of blockchain also comprises of splendid features like consensus mechanism, immutable data, tamper-proof, transparent, and decentralized system. The supply chain is one of the integrated systems of every product industry. Change that is made to supply chain management will make the entire world of consumers into a better version! So, let's talk about the potential changes that can be brought while implementing blockchain in supply chain logistics. In simpler terms, let us get a keen knowledge of blockchain and its use cases on supply chain logistics! What is Blockchain? Blockchain in supply chain Logistics Blockchain is a digital, decentralized database that records transactions in chronological order. The data block once added to the blockchain database, can never be altered or deleted. It's a high wall th