Sourcing and Supply Chain

With modernization in lifestyle and evolution of technology, its acceptance in day to day life and business has increased never before. If Artificial Intelligence (AI) and Internet of Things (IoT) are buzzwords of last decade, then the upcoming decade is of “Blockchain Technology” for sure. It is a revolutionary technology which is operating most popular cryptocurrency namely “Bitcoin” – It is the first successful application of Blockchain came into existence in the year of 2009 by Satoshi Nakamoto. The Economist described the Blockchain as the most important advancement in recordkeeping since the inception of the double-entry bookkeeping system in 1494. Blockchain is a data structure that holds the transaction records with security, transparency and decentralization. It is a chain of immutable blocks and not controlled by a single authority. It is an append-only and distributed ledger technology that is operated by a peer-to-peer network mechanism that records and validates d