Manage your supply chain with full transparency.
Blockchain is a relatively new technology, and while it’s full potential is still being explored, it has many versatile applications for a range of industries including supply chains. Blockchain technology allows for a verifiable ledger of transactions to be held, maintained, and viewed by all involved parties. This helps companies within a supply chain to verify transactions, report shorts, and keep track of deliveries. Since the ledger is maintained by a network of computers rather than in one centralized location, it is highly secure and nearly impossible to corrupt. Blockchain helps to ensure that everyone has the same up to date information, so no one is ever searching for information when they need it. Blockchain technology also allows for physical activities such as those within a warehouse, to be documented as digital information. It also improves the traceability of products within a supply chain, which increases the information available to customers and enhances the ability to ensure product knowledge or safety.