Lars Winkelbauer's The Role of Blockchain in Supply Chain Management

The effective transportation of products and services from manufacturers to end users relies on properly managed supply chains. One cutting-edge innovation that has just emerged is blockchain, which is transforming the way companies handle supply chain management by improving productivity, openness, and security. This new decentralized and distributed ledger technology is absolutely game-changing when handling the complex network of transactions that make up a supply chain.
Blockchain, in its simplest sense, is an unalterable, public, and encrypted digital ledger that tracks monetary transactions across a connected network of computers. Blockchain provides a decentralized solution that directly addresses the source of the problems impacting traditional supply chain systems, such as delays, lack of transparency, and inefficiency. Lars Winkelbauer's blogs discuss how supply chain businesses are adopting blockchain technology all over the world for better business optimization.