Using Blockchain to tackle Supply chain Pain Points
The benefits of Blockchain are there for all to see: Transparency and immutability, increased visibility, enhanced security, faster automation, fewer intermediaries, reduced cost and own intellectual property. And the advantages for the supply chains of organizations are tantalizing:
- Blockchain increases transparency and responsiveness, previously difficult and very expensive.
- It helps the end-consumer identify if a product is manufactured by a given brand, ensuring authenticity and reducing fakeness.
- It helps an organization immediately trace contamination to its source and alleviate against costly and a potentially reputation-damaging mass recall of products.
However, the new research reveals that just 3% of organizations are implementing Blockchain use cases on a large scale. The research examines precisely why this is so, identifies pace-setters already adopting initiatives and outlines critical recommendations for future Blockchain strategy.
Blockchain’s value will increase as more players become part of the network. But before companies invest, they need to analyze all the available data to ensure ROI.
To know more on blockchain supply chain, for a free consulting and how we implemented to our clients, reach us at https://augustahitech.com/contact.html or dial us at +1 (866)-962–1010
