Uploaded on Jun 13, 2019
What is the supply chain? Network of all involved processes in creation of product Raw materials to end product Stages vary depending on product
How Blockchain can enhance Supply Chain Management:
How Blockchain can enhance
Supply Chain Management:
What is the supply
chain?
Network of all involved
processes in creation of
product
Raw materials to end
product
Stages vary depending on
product
Supply chain management
● Planning and execution of supply chain processes
● Helps optimize all activities
● Enhances cost-effectivity and efficiency
Processes in the
supply chain
Material flow
● Raw materials to end
product
● Efficient and damage-
free flow
Processes in the
supply chain
Information flow.
● Large amounts of data
● Involved middlemen details,
payment details, etc.
● Proper management of data
Processes in the
supply chain
● Finance flow
● Payment should
be seamless
● Costs for raw
materials,
production,
logistics, etc.
Blockchain and Supply Chain
Management
Blockchain is
● Transparent
● Distributed
● Immune to
manipulation
Role of Blockchain in Supply
Chain
● Writing up contracts/agreements
● Tracking
● Payment
Benefits of implementing
Blockchain
Reduction in costs
● Automatic processes
● Decreased human intervention
Increased accountability
● Immutable blockchain records all
transactions
● Manipulation of data is impossible
Benefits of implementing
Blockchain
Easy tracking of product
● Products and progress can be
tracked digitally
● Helps to trace back to the origin
of an issue
Improvement in sales
● Seamless flow of activities
● Better quality
Blockchain for Supply Chain
Development
● Hire expert developers for futuristic blockchain
solutions
● Blockchain App Factory is an expert in
blockchain-based services
● Visit their website for more information
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