Using Blockchain Technology To Manage Supply Chains: How Smart Contracts Can Transform Supply Chains

Due to its inherent transparency and security features, blockchain technology has emerged as a quite adequate solution to manage supply chains. In this video, we explain how everything works and how smart contracts are involved in the entire supply chain management process.

HOWEVER, blockchain will NOT REVOLUTIONIZE supply chain on its own. It requires additional technologies and comprehensive process change. Read more in our article:

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[OzzieTheHead]

The means of recording is irrelevant, the problem is being able to record each component is the problem. As long as you decide to systematically combine the parts into a unique identifier for each part (so the already existing product SN will correspond to part UUIDs) you can use a piece of paper or excel sheet. DL is not the disruptive technology here, it's reorganized industry.

[bencurto]

Good video you have made. I just watched and got to know about your ICO project. I have another demand and going to invest there SciDex. Did you hear about this ICO yet?

[Diadem]

What type of Blockchain can be use in this use case. I mean whether it can be built in hyperledger or r3 corda or by using Ethereum smart contract?

[yingli]

The video is mixing 2 different concepts.
1. Blockchain- transparency and traceability are achieved by using distributed storage, which is a character from the blockchain, smart contract isn't a must here .

2. Smart contract- automatic invoice management is done by smart contract. It is not even a character of blockchain, but only an other concept which is used on block chain platform.

[larissawidyarta]

Questions:
1. Source of truth -will this still depend on GIGO?
2. Transparency - does this depend on permission given to a user? So if not permissioned, one is unable to access data
3. Giant companies prefer to defer payment to suppliers to better their books - does blockchain encourage faster payment to supplier and at the same time manage to better giant companies' balance sheet?

[danielde]

Would companies want to be held with such accountability ? Well I guess this would separate the companies with high integrity!

[dprinting]

Look at WABI....Rakuten, Japan gov, Nestle and L'oreal partnerships. Real use case and adoption. 🚀

[S.I.F.A.R]

So now 2023 we're developing this while me still has doubted with it

[boatsoar]

This describes mortgage fraud called various u iques entities involved..supply chain parties seller buyer police loaner govt. In literal reveal govt(all minus buyer) buyer..the real estate agent works will whom..that's the only other outside one. Now live freedom.