Blockchain Remodelling Supply Chain
A recent leading industry report has suggested that by 2025 blockchain will be used worldwide by mainstream businesses, as it aims to change supply chain management with transparency, traceability and cost savings.
The study claims that the distributed ledger technology will usher in a new era of trust, as it dominates manufacturing as well as consumer products and retail industries.
Blockchain, which was first associated with Bitcoin and cryptocurrency, enables information to be delivered securely, faster and more transparently. The technology can be applied to critical supply chain functions, including tracking production and ensuring regulatory compliance.
The UK and France currently lead the way with implementation of blockchain in Europe, while the USA is taking the lead in terms of funding blockchain initiatives.
The report concluded that blockchain transformation will mature in 2025, as organisations integrate the new technology and establish policies for privacy and data management.
The Supply Chain Academy offers a masterclass that focuses on innovation such as blockchain. The programme is designed to give you the latest techniques in strategic innovation, to maintain your business’s competitive edge as it adapts and grows.
Find out more HERE.
Supply Chain News from the Supply Chain Academy. The only learning resource centre focused solely on the subject of supply chain, for more information call 01708 259450 or email firstname.lastname@example.org
Don’t forget to follow us:
Join us for an informative event on how to prepare your business for Brexit.
Accelerate Innovation Masterclass
The latest techniques in strategic innovation, maintain your supply chain’s competitive edge
In September 2018, in response to the increasing demand for highly skilled supply chain professionals, the Supply Chain Academy through its training arm, CP Training and in partnership with Leeds Trinity University, started the delivery of the first work-based supply...
The Supply Chain Academy, known for providing high quality supply chain expertise through its education and consultancy has been invited to speak and exhibit at an upcoming event to support SMEs, hosted by both Hertfordshire County Council and Hertfordshire’s Growth...
T-shaped people, which means a person having depth of knowledge in one or more aspect and a breadth of knowledge across the entire process, are seen as ideal candidates for roles within the supply chain. T-shaped people are an excellent addition to any team. They are...