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Understanding the Basics of Blockchain and Supply Chain

Emerging Trends  

Blockchain has become a major buzzword, but many people still don't quite know what it is or how it could apply to their business. The simple explanation is that it's a software to help conceptualize and plan easier - and it is very customizable. As with any tool, there are positives and negatives. The Institute of Business Forecasting and Planning said, Energy consumption is high, and whilst it can be mitigated and is context dependent, savings in energy consumption may come at the cost of speed or security. Blockchain can work well for you if you have high transaction volume and tracking requirements.

Blockchain in Supply Chains: The Good & Bad

About a decade ago Satoshi Nakamato released the now famous whitepaper on Bitcoin, the most popular cryptocurrency to date. Since then, it has gone mainstream and attracted a mass of institutional and retail investors and took them on a roller-coaster ride to fortune (or misfortune).

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