Crypto-Follow logo Crypto-Follow logo
Cryptopolitan 2019-12-04 01:48:13

Blockchain can slash supply chain costs by $450 bn in Western Europe

Supply chain costs in Western Europe are witnessing meteoric rise with a convoluted network of suppliers, customers, retailers, and product manufacturers across the globe, and a recent study shows that these costs can come down drastically if the sector embraces blockchain. The new-age supply chain involves highly tricky tasks such as sourcing, procuring, coordination, and distribution. Given the multitude of stakeholders involved, data sharing and management becomes extremely critical. Because blockchain provides a novel platform to register and store records, it can be used to address some of the most urgent issues concerning the sector. Blockchain can axe supply chain

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer