What is the #1 challenge when it comes to supply chain management?
6 River Systems asked 24 supply chain experts, including MarketOrders, to give their opinion on the matter.
Our COO, Sukhi Jutla, said: “The management of data and records, especially when supply chains are complex and often involve multiple different parties to ensure the products reach the right place safely. One way to overcome this would be to use blockchain technology to record data on decentralized ledgers, which can be accessed and cross-referenced by all the participants in the supply chain. This should speed up the transactions and help to minimize errors caused by poor records management. This would also create a more trusted view of records as the blockchain cannot be tampered with, and data is recorded in an append-only manner, so data cannot be deleted either.”
Read the article here.