Blockchain Meets Supply Chain: Rewiring Business Operations for the Digital Age is a primer for those who want to learn about blockchain applications in supply chain management, and how the technology could help to reshape the flow of goods and finance across the globe.
High-performing supply chains are critical to business success. It is estimated that in the U.S. alone, business logistics costs reached $1.48 trillion in 2015, a 2.6% increase over the previous year.
Although supply chain performance has improved markedly over recent decades, international trade, and the operations that support global commerce, remain impeded by inefficient and outdated processes and technologies.
Blockchain is one technology that shows great promise in tackling these inefficiencies - both for the processing and management of goods through a supply chain (supply chain management) and related financial transactions (supply chain finance or trade finance).
The eBook explains how blockchain can be used to improve operational efficiency and reduce fraud, support ethical and sustainable supply chains, lower risk levels, facilitate trade transactions and comply with regulations. The eBook also discusses blockchain implementation challenges and strategy, and how the technology might evolve over the next five to 10 years.