SCM

The value of adopting blockchain gets more significant as more entities involved in the transaction.

The more entities involve, the more time and effort it takes to verify transaction at each step. In the complexly interconnected industry, the effectiveness of blockchain is considerable as various entities can share data at the same time with transparency. This is why the supply chain is the representative industry that blockchain can revolutionize.

When we combine blockchain with other technologies such as IoT or sensors, productivity and efficiency of collaboration will be enhanced significantly throughout the whole process of making the product from material, and delivering to the end-user. Ultimately, the end-user can gain more accurate and reliable information on the product. In this way, blockchain can be applied to every product – from a bottle of beer to a luxury bag.