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Author Topic: How blockchain benefits the supply chain development  (Read 22 times)
aywing
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May 17, 2018, 02:40:26 AM
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Interested to find out increasing number of blockchain development and technology in different field.
Would it be possible to apply on the supply chain work field?
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HikariShin
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May 17, 2018, 02:55:44 AM
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I'm studying in supply chain management, and I hope it could be. I think it will be easy to transfer money from buyer to seller.
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May 17, 2018, 03:18:33 AM
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why not? as far as I concern, one block-chain application is the smart-contract which allow all members involved get to know all details of the contract. What's more is the trading process is 100% automatically non-human. It guarantees the transparency and movement of goods.
 Do you think so?
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May 17, 2018, 09:19:31 AM
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I'm studying in supply chain management, and I hope it could be. I think it will be easy to transfer money from buyer to seller.

Oh really? Do you even know what is supply chain? Because no money is involved in. It's about operations management, logistics etc (supply chain management (SCM), the management of the flow of goods and services,[2] involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption)

@aywing

The blockchain technology is already in use for the supply chain. The defense military is already using it, mainly to reduce the cost and improve the efficiency in logistic.

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May 17, 2018, 09:24:24 AM
 #5

In the past supply chains were relatively simple because of the simplicity of trade and confined to the local scale.
But with the development of humanity has grown up incredibly complex from the transport trains to the complex systems at present.
This development led to a lack of transparency and difficulty tracking.
The use of Blockchain is not limited to Bitcoin "distributed, digital ledger" Thus, any exchange can be recorded within a block and transmitted directly to each network, thus providing transparency and ease.

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