What is Blockchain in Supply Chain? Applications, Advantages, Examples and Trends - AIMS Education

The use of blockchain in supply chain management is still in its early stages, but there is great potential for this technology to streamline supply chain processes and improve transparency and traceability. For example, blockchain could be used to track the movement of goods throughout the supply chain, from the point of origin to the point of sale. This would allow all stakeholders to see where the goods are at any given time and make sure that they are being handled properly. Additionally, blockchain could be used to verify the authenticity of goods, ensuring that only certified, safe products are being sold. There are many other potential applications of blockchain in supply chain management, and we will likely see more and more use cases for this technology in the future.

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[akalek_en]

in this case blockchain is used as a decentralised database.. so what has this anything to do with easing payments

[idrisbusari]

...so. #Blockchain is a database that is based on consensus/decentralized control.

[paulocarneiro]

Interesting! And how payment is done in reality?

[eyondev]

I still don't understand how it's better than a traditional database

[ai_talks]

i have doubt about one thing that was First purse supply chain management course after that i lean blockchain supply chain course

[reshmagupta]

Hello
please suggest some good resources and courses available.

[anthonyriseley]

This doesn't make any sense. Who are all the nodes that need to find consensus? And how do they know when an event actually took place?

[haoxus]

Whoever made this lesson had little idea how blockchain works. I am a professional in the industry.

The only advantage of blockchain is decentralized control of authority. What the video discribed would be especially vulnerable against 51% attack. That's why in the real world it's only used for digital contract and cryptocurrency