How Blockchain will help to improve speed, costs and quality in Supply Chain Management
Tomorrow's supply chains need to react more quickly to disruptive events and adapt flows of goods, finance and information to new conditions accordingly. At the same time, the fixed costs of operations in particular must be further reduced. The most important levers in the supply chain for promoting resilience and reducing costs are trust and transparency. Information required for efficient management of global supply chains is currently still far too often stored in individual data silos.
Blockchain is an innovative tool to meet this challenge – a solution which is already established as an alternative to conventional financial markets. This white paper examines the use of block chaining in supply chain management. Used as the information technology backbone of a logistics network, Blockchain has the potential to revolutionize supply chains.