Article: Blockchain in Supply Chain is Regaining Prominence in 2021

Blockchain, Innovation

Blockchain in Supply Chain is Regaining Prominence in 2021

Regardless of the shift to digital, complicated, multi-party provide chains are nonetheless closely depending on paper-based transactions to deal with a number of handoffs as items make their manner from producers to warehouses to distributors to finish shoppers.

Blockchains present a method for quite a few events to agree on the contents of a shared ledger of transactions, which has the potential to convey huge efficiencies to this course of.

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Article: How Blockchain Can Simplify Partnerships

Blockchain, Commercial Intelligence

How Blockchain Can Simplify Partnerships

Blockchains may radically transform many facets of business life, but they’re a tool particularly well suited for collaborations. Put simply, blockchains are digital ledgers where several people have joint control over the shared information — a feature that makes them ideal for situations where trust and information sharing are important. The technical design of blockchains makes it virtually impossible anyone to change the contents of the ledger without approval from the other parties. Moreover, they can be paired with smart contracts — programmed codes that are automatically executed once certain conditions are met. In recent years, blockchains have been successfully applied to organize collaborations in fields as varied as logistics, energy, health care, entertainment, art, insurance, and finance.

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Article: OPINION: Blockchain can Revolutionize the Shipping & Logistics, but is it Ready?

Blockchain, Innovation

© ipopba/AdobeStockOPINION: Blockchain can Revolutionize the Shipping & Logistics, but is it Ready?

A blockchain-enabled platform’s advantages go beyond real-time tracking of the shipment, lower operational cost, increased efficiency, quick customer redressal, reduced paperwork, holistic data analysis.

The interest in data intelligence has fostered supply chain connectivity, with several consortiums created within maritime networks — notably bound by blockchain technology. It can, therefore, make it much easier for different carriers or shippers to share sensitive data.

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