Supply Chain

A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer.

Most of the time, supply chains now function at scale without the use of blockchain technology. Nevertheless, the supply chain and IT industries are buzzing about technology. It has also sparked numerous publications and spurred both well-known IT companies and up-and-coming ones to launch fruitful pilot projects.

For example, to authenticate transactions and test the precision and effectiveness of record-keeping or to improve efficiency. Walmart used an application that tracks pork in China and produces in the US, and Maersk and IBM are developing cross-border, cross-party transactions.