Blockchain Solutions for Supply Chain Industry

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Blockchain has established its potential to bring out positive changes in many industries and businesses till date including the supply chain industry. In fact, the supply chain management is one of the most obvious and useful applications of Blockchain technology, therefore, we can expect it to grow at a very fast pace in the near future. The source of successful operation of a supply chain management system is to keep a robust, transparent and end-to-end communication.

What is supplychain management?

Supply chain management includes the end-end combined planning as well as the execution of variety of processes. This process involves mobility of different material flow, information flow as well as financial capital flow.

In simple words, The maintenance and the management of the flow of goods, services, and information involving the storage and movement of raw materials, manufacturing and building products as well as full-fledged finished goods which are moving from one point to another is called as supply chain management.

A supply chain is acting by the participation of a network of individual entities, organizations, businesses, resources as well as technologies that combine together in the manufacturing of a product or service.

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