Blockchain and IoT: A Paradigm Shift in Supply Chain Management
The supply chain management industry has been facing numerous challenges over the years, such as inefficient processes, lack of transparency, and high costs. However, the emergence of blockchain and IoT technologies has brought about a paradigm shift in the way supply chain management is done.
Blockchain technology is a decentralized digital ledger that records transactions in a secure and transparent manner. It allows for the creation of a tamper-proof and immutable record of all transactions, which can be accessed by all parties involved in the supply chain.