Blockchain technology has the potential to revolutionize various aspects of supply chain management by introducing transparency, security, and efficiency. Here are some applications of blockchain in the supply chain:
Seafood tracing and verification
The seafood industry faces a lot of problems due to the difficulties of tracking products from ocean to plate. In the event of a disease outbreak due to seafood consumption, with today's supply chain logistics, it becomes difficult to trace and identify the source of malicious activities. With blockchain, however, it can become a whole other story.
Medical safety
It is the opacity of the chain that causes the problem, and with blockchain applications thrown into the mix, the problem can certainly be reduced. By tracing medicines from manufacturer to buyer, one can identify exactly where the problem lies in the supply chain. This can help fight fraud and prevent deaths from the consumption of counterfeit medicines.
Automobile Supply chain
Blockchain applications in the supply chain are expected to take over the entire automotive market. Ownership, payments, financing, production, and tracking are all balanced to be turned into blockchain soon. As with counterfeit medicines, fake auto spare parts can also be tracked using similar blockchain logic and features. At every step, companies can keep track of the parts they produce and sell so customers get what they want.
The Blockchain Development Company provides blockchain applications in the supply chain leading to innovations everywhere. The priority of our Blockchain developers is to provide security, a decentralized nature, easy verification, and protected identities so that we make the blockchain truly transformational.
