Blockchain - Boon for Supply Chain
Blockchain – Boon for Supply Chain In the current connected and competitive world, Supply Chain plays a crucial role for every sector and every organization as it decides cost-effective and timely delivery of materials starting from suppliers to production house to the customer. In this era of Industry 4.0, Internet of Things (IoT), Artificial Intelligence (AI) and Machine Learning; optimization in all production processes has been achieved and now entire pressure for cost optimization and timely supply is now on Supply Chain. Hence, Supply Chain will be a key focus area for any an organization who wants to lead in the industry. Supply Chain is a system of organizations, people, activities, information and resources involved in moving a product or service from supplier to customer. Any supply chain progresses by initially delivering the raw materials from a supplier to a manufacturer and eventually ends by delivering the final product to the consumer