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How blockchain is revolutionising supply chains

Blockchain technology can be adapted to supply chain management applications, transforming the degree of transparency achievable and unlocking resilience.

Blockchains are distributed or decentralised ledgers which “record transactions between multiple parties in a verifiable, tamper-proof way”. For cryptocurrency applications, they’re designed to enable “an unlimited number of anonymous parties to transact privately and securely with one another without a central intermediary”.

Now, writing for Harvard Business Review, Vishal Gaur and Abhinav Gaiha, argue that a modified form of the technology could vastly improve supply chain transparency, efficiency and speed.

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Credits:
Source Article: Building a Transparent Supply Chain
Author(s): Vishal Gaur and Abhinav Gaiha
Publisher: Harvard Business Review