Blockchain, a technology originally created to support transactions made using Bitcoins and other cryptocurrencies. Blockchain in supply chain management was put forth because blockchain has the efficiency to boost the profitability and security of most businesses, in particular the supply chain management sector.
WHAT IS SUPPLY CHAIN?
Technology has created a huge impact worldwide. Sitting in our house, we can do anything, say purchase a mobile phone or laptop, buy clothes, order food, and a lot more, in just one tap. Have you ever thought about where these items come from? Apart from the shops you visit, there is a separate string of interlinked factors working on delivering the products to you and this chain is called Supply Chain.
WHAT IS SUPPLY CHAIN MANAGEMENT?
Supply Chain Management, in short SCM, is a process involving activities such as planning, controlling, and executing a product’s flow. The flow mentioned here refers to the entire lifecycle of the product, from acquiring raw materials, production, and distribution to the end-customer, and all these things in the most sleek and cost-effective way possible.
PROBLEMS AND SCM AND WHY BLOCKCHAIN PLATFORM FOR SUPPLY CHAIN MANAGEMENT?
Technology gets advanced day by day and simultaneously problems such as data manipulation, hacking, and fraudulent activities increase rapidly in almost all the sectors. Supply Chain Management is also a victim. No matter how much a product is safeguarded, there will always be an open gate for hackers and fraudsters. Also, the demand for greater speed, increased quantity, and cheaper utilization is increasing rapidly. The idea of Blockchain platform for supply chain management was proposed to eradicate the recurring problems and provide legit & accurate solutions to the logistics sector. If properly employed, Blockchain will act as the end card for counterfeiters and promote businesses with trackability and transparency, while ensuring safety and privacy.
HOW WE EMPLOY BLOCKCHAIN PLATFORM FOR SUPPLY CHAIN MANAGEMENT?
Blockchain Firm provides simple and convenient supply chain management solutions to its clients to add value to their businesses. Whatever your business be, say seafood supply, coffee beans distribution, drugs and pharmaceuticals, food industry, or automotive factory, we render services for each and every line of business.
DRUGS AND PHARMACEUTICALS INDUSTRY
By incorporating your pharma industry with us, you can play a part in preventing counterfeit drugs. We help you store the information about the drugs in digital blocks. Only authorized users, both patients and suppliers, have the credentials to access the data, thus preventing counterfeit activities.
By employing our blockchain services in your food industry, you have a lot of advantages. You, the food producer, can track the food as it moves in supply chain and you will be notified if any tampering attempts are made, and so you can stop the movement before it reaches the destination.
AUTOMOTIVE SUPPLY CHAIN
Small or big, no matter how large your automotive industry is, we render services for all kinds of enterprises. Once you employ our services, you can experience full control, security, and transparency over the entire supply chain along with reduced costs and complications of handling multiple associations.
791.4 KB Views: 0