What is Supply chain management and how blockchain is the next thing is this industry?

After a long day at work, you come home to find out a package on your doorstep. Finally, that amazing purchase you were expecting has arrived. Do you know how it got to your house?

What may seem common or easy for us, a simple package delivered at our door, actually took a great deal of work and effort to get there? All of these activities involved are a part of a Supply Chain, the process of moving services or products from the supplier to the client.

              The supply chain is a powerful industry that requires a great deal of planning and outstanding management to be efficient. Otherwise, the joy of getting that purchase at your doorstep can be transformed into a headache.

But what it takes to make this process excellent?

• Planning
• Clear visibility of the whole supply chain process
• Great communication between all parties involved
• Technology that supports decision making and helps control the supply chain flow

This last item is one of the most important and the one that has been helping to improve the industry, especially now with blockchain in the game.

The distributed ledger technology proved to be the best solution for long time problems that haunted the supply chain business, such as traceability, inventory, and transparency.

With an open source distributed ledger, blockchain provides a network to share and store information in an immutable way. This helps suppliers, carriers, manufacturers, and customers to have access to the same information, avoiding miscommunication and fraud.

Supply chain blockchain development is becoming the next big thing and prominent companies such as IBM and McDonalds already started implementing supply chain development in their companies.

This is, for sure, the future of Supply Chain Management and Blockchain App Factory is already on the path of developing end-to-end blockchain solutions for this industry.