Modernizing Global Supply Chains with Blockchain
Blockchain solutions can overcome the shortcomings of current supply chain processes. They enhance reliability and efficiency by providing transparent and secure tracking of goods and related digital documentation. One example of a blockchain solution is TradeLens, which provides accurate real-time supply chain visibility, together with collaboration and analytics tools. Another example is Ambrosus, which links Internet of Things (IoT) real-time sensors and electronic IDs with blockchain to improve supply chain monitoring, provide quality assurance, and prevent counterfeiting.