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Blockchain Technology Set To Revolutionize The Supply Chain


Many businesses know that supply chain management is vital to success.






After all, if you can’t get your inventory where it needs to be — as quickly as possible — you could be in trouble.

Being able to manage your supply chain in an open and easy manner is vital. You want to streamline the process as much as possible for maximum efficiency.
Interestingly, blockchain technology offers some help in this area.
Rather than thinking of blockchain technology in terms of cryptocurrencies like Bitcoin, it’s time to consider other applications. While currencies based on blockchain technology offer their own advantages, few of us think of other applications for this development.
However, there are scientists and others looking into various uses for blockchain technology. And one of those uses is in supply chain management.

Blockchain Technology = Perfect for Supply Chain Management

Blockchain technology is all about the distributed public general ledger. This is what makes it perfect for supply chain management.
In a recent article for Harvard Business Review, you can read about how well blockchain works when it comes to the supply chain...

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Tuesday, July 4th 2017
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