Incorporating Blockchain into Your Supply Chain
Blockchain is a powerful tool that can help you maintain a more transparent and accountable supply chain. Blockchain is a distributed ledger technology that allows for the secure storage of transaction data, which makes it ideal for supply chain management. This article will explain how this technology works and how it can help improve your business processes.
What is blockchain?
Blockchain is a digital ledger of transactions. That sounds like a pretty basic description, but it’s important to understand what this means in order to understand how blockchain can be used in your supply chain and why it’s so powerful.
Blockchain is a distributed database that is shared among many different parties and can be used to record transactions of any kind. The information on the blockchain cannot be easily modified or deleted because of its decentralized nature; there are multiple copies of each block in every computer connected to …
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