Before we start discussing how Blockchain Technology affects Supply Chain Management, you should be well aware of both the terms, individually. In addition to that, another critical question here asks: Why is there a need for transformation in traditional Supply Chain Management?
Blockchain Technology to Transform the Supply Chain Management
- What is Blockchain?
A Blockchain is a growing linked list integrated through cryptography. In other words, a blockchain is a growing chain of blocks, resistant to modification by design, and each block contains a cryptographic address of the previous block, transaction data, and timestamp.
