Overview
Supply chain management involves supervising the flow of goods and services. The products include tracking the movement and storage of raw resources, inventory, and final products. This has gotten acknowledged as one area that can benefit from blockchain technology.
Blockchain technology is a shared database conserved by a network of computers linked to the internet. Customary techniques of managing suppliers frequently involve cumbersome manual processes. The processes make it challenging to verify identities and track documents. Most companies have adopted the use of the decentralized methodology. They have as well linked the use of an immutable audit on blockchain.