Absolutely, I think block chain itself has capability to transform Supply chain & logistics industry with its features like distributed ledgers and smart contract management. As supply chain & logistics is majorly about handling complex network,transactions with multiple stakeholders efficiently and effectively. Benefits with block chain will make supply chain transparent, secured and reliable.
Technologies driven supply chain & logistics will operate in centralized manner in real time way.
We can think of Integration of IoT & Blockchain to provide complete solution for current challenges in these industries.
Since aforementioned areas got lesser Personally Identifiable Information (PII) i.e lesser chance to face General Data Protection Regulation (GDPR) issues. That is, distributed and transparent system like Blockchain can transform SC and logistic industry for industry 4.0. Thanks.
Thank you for the information M. H. Onik. Am glad to know that distributed and transparent system like Blockchain can transform SC and logistic industry for industry 4.0.
Absolutely, I think block chain itself has capability to transform Supply chain & logistics industry with its features like distributed ledgers and smart contract management. As supply chain & logistics is majorly about handling complex network,transactions with multiple stakeholders efficiently and effectively. Benefits with block chain will make supply chain transparent, secured and reliable.
Technologies driven supply chain & logistics will operate in centralized manner in real time way.
We can think of Integration of IoT & Blockchain to provide complete solution for current challenges in these industries.
Thank you for your time and detailed information Devpriya Jadhav. Am glad to know that block chain has capability to transform Supply chain & logistics industry. It is a statement of fact that Integration of IoT & Blockchain will provide complete solution for current challenges in industries.
Thank you Ashok Pundir for your interest in block chain technology. Am glad to know that block chain will increase the effectiveness and efficiency of Supply Chain system. The technology is quite interesting.