Thought Leadership

Continuous interconnected supply chain - Using Blockchain & Internet-of-Things in supply chain traceability

September 05, 2019 | Blockchain
Continuous interconnected supply chain - Using Blockchain & Internet-of-Things in supply chain traceability

Would you be able to cite a major supply chain scandal? You most probably could, and quickly, as many have been broadcast in the press, denting the reputation and costing millions to the involved firms. 

While notions of transparency, fair trade, and sustainability are gaining importance in customers' purchasing decisions, most businesses must deal with complex and non-integrated supply chain networks. This prevents comprehensive and efficient end-to-end traceability and surveillance along the chain. 

Nevertheless, development of new technologies will support industries in resolving parts of the challenges they face. Among others, Distributed Ledger Technologies (more commonly known as blockchain technology) and the Internet-of-Things (IoT) have the potential to solve important glitches in traceability and provenance challenges.

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