Supply Chain Blockchain Use Cases

Top blockchain use cases in supply chain food safety.

Supply chain blockchain use cases.

Here are a few use cases for blockchain technology for the supply chain. 5 blockchain uses cases in supply chain management making supply chains transparent. Walmart uses blockchain to keep track of its pork sources in china. The blockchain records include information about the origin of meat processing storage and sell by date.

Below are ten blockchain supply chain use cases that are increasing revenue and cutting costs for businesses around the globe. Blockchain is a relatively new technology yet already its uses continue to pile up introducing more and more world changing solutions. Replacing the traditional processes with distributed ledger technology could increase trade volume by 15 and u s gdp by up to 5. The blog looks at 5 of the top blockchain use cases for the supply chain.

Supply chain traceability is one of the top use cases for blockchain technology. Blockchain technology can help to provide traceability across the supply chain. The technology also allows manufacturers shippers and customers to aggregate data analyze trends and perform predictive monitoring. The word provenance refers to the place of origin or earliest known history of something it s also the name of a blockchain startup that wants to convey such information to consumers.

Some of the examples include. By using blockchain companies can easily trace and track food items. Additionally to many other real life use cases blockchain has been particularly valuable in supply chain management. No longer a linear and sequential chain from raw material to final product the current supply chain is a multi tiered ecosystem of suppliers partners and customers all working much more closely together.

Australian vehicle manufacturer tomcar uses bitcoin to pay its suppliers. The retailer plans to connect their suppliers into. The modern supply chain is broken says forbes.