Blockchain technology: A Game changer in Supply Chain

Blockchain technology: A Game changer in Supply Chain

摘要

Blockchain is a groundbreaking emerging technology that employs a decentralised and immutable digital ledger. This allows multiple participants to validate and agree upon transactions and ensures distributed consensus. As a result, it eliminates the need for a centralised authority, enhancing trust in the system. While its use cases can be extended to any system that benefits from the above properties, in this article, we will delve into the practical implementation of blockchain technology within Supply Chain Management and examine the significant advantages it can offer to the SCM industry.