BLOCKCHAIN AND ITS IMPACT ON THE SUPPLY CHAIN

Traditional supply chains can be complex. But they are still very______linear.

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Issues associated with traditional supply chains

  • Dozens, if not hundreds of touch-points

  • Lack of traceability

  • Risks involved with multiple stakeholders

  • Lack of responsiveness

  • Largely manual processes

  • Regulatory compliance requirements

  • Reconciliation burden

Blockchain is a distributed, or decentralized, ledger - a digital system for recording transactions among multiple parties in a verifiable , tamperproof way. The Blockchain Supply Chain shares information differently.

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Waybill
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SHARED LEDGER

BENEFITS OF BLOCKCHAIN

  • Addresses audit trail for all transactions

  • Near real time

  • Digitized, automation

  • Tamperproof data that is easily verified

  • Single shared source of data

  • Improves coordination between partners

  • Increased transparency

  • Reduces risk

  • Ensuring authenticity and reducing counterfeits. Brand integrity

  • Mitigates against costly and potential reputation-damaging mass recall of products

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