Blockchain

Blockchain Technology – 4 Questions to Consider Before Adopting it

Blockchain technology could be critical to supply chains going forward, but its implementation shouldn’t be taken for granted. Blockchain, despite the many concerns remaining around it, continues gaining traction in the world of supply chains. This interest is only being accelerated by the increased digitization of supply chains operations by businesses. As such, increasingly, companies …

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The 4 Greatest Hurdles Blockchain Technology Is Currently Facing

Blockchain technology continues to garner a lot of attention, but here are the 4 biggest obstacles it’s currently facing. As supply chains continue to transform with the advent of a variety of technologies, their adoption of blockchain remains uncertain. Unlike technologies like artificial intelligence, automation, and IoT, blockchain has yet to prove itself as viable. It has displayed a …

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The Current and Future State of Blockchain in the Supply Chain Industry Part Two

As blockchain technology is seeing considerable adoption in the supply chain industry, it’s important to see where it thrives and where it needs improvement if it’s going to continue its ascent.  Blockchain technology is a revolutionary innovation for supply chains. Incredibly, despite how new it is, it’s already having a monumental impact upon them. We …

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The Current and Future State of Block in the Supply Chain Industry

With the growth of  blockchain as a viable mechanism to oversee supply chain processes, it’s worthwhile taking a look at how it currently stands in the industry and where it is going. Blockchain has been talked about as a potential breakthrough technology for supply chains for a while. Yet, in the past couple of years the wait for …

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Blockchain: The Biggest Obstacles It’s Facing

Clearly blockchain technology has major benefits for supply chains, but even with that being the case, there are some significant obstacles it still has to overcome. Blockchain is growing rapidly. According to TechJury, the blockchain market is set to have made 20 billion dollars by 2024. More pertinently, 53% of respondents to a 2018 Statista study said they’re …

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3 Ways Blockchain Adds Speed, Security & Transparency to Supply Chains

With an ability to offer transparency, efficiency and speed, Blockchain has been coined a ‘game changer’ in the supply chain and logistics industry. According to Research and Markets, the ‘global blockchain supply chain market’ is will grow ‘from USD 145.0 million’ this year to n expected ‘USD 3,314.6 million by 2023’. This statistic represents the …

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EBOOK: Research Shows Blockchain Technology Could Improve the Supply Chain Industry

As consumer demands for efficiency and immediacy continue to rise, the supply chain industry is seeking out innovative technologies to meet these growing demands. Canada Business Network provides recommendations to optimize the supply chain management processes of any business size. They advise companies to: Invest in technology that will quickly transfer your requirements to suppliers …

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Praise for Blockchain Technology is High, but Investment is Low, Survey Finds

Companies talk about the possibilities of blockchain tech, but with only 1% of the responding organizations are currently using blockchain in their supply chain operations, few are actively investing in it. Around this time last year, we commented on a story about Europe’s largest shipping Port, Rotterdam Port, taking part in a Blockchain consortium. Blockchain …

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What is Blockchain and How is it Going to Benefit the Logistics Industry?

The Port of Rotterdam tests blockchain logistics which can kickstart a revolution in the level of transparency within the industry. The Port of Rotterdam, Europe’s largest shipping port, is taking part in a Blockchain consortium which is focusing on logistics, reported Coin Desk. The project has the support of more than fifteen public and private …

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