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. Customer requests, follow the shipments and ensure timely delivery. Technology and blockchain technology translates supply supply.
** What is the management of the supply chain?
The management of the supply chain refers to this involves the management of several stakeholders, including suppliers, manufacturers, logistics providers, distributors and merchants. .
Traditional Management of supply chain
Manifest and accounting systems. This approach can lead to inefficiency, errors and delay, result in lost income, damage by customers and damage.
Blockchain in supply chain management
Blockchain technology, guided by the appearance of a crypto currency such as Bitcoin, Ethereum and others, has revolutionized the way the companies that run their supply chain are. Blockchain is a decentralized, digital book that records transactions and data on several sides, eliminating the need for intermediaries and reducing costs.
The benefits of using blockchain in the management of the supply chain are numerous:
- Increased transparency:
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- Increased efficiency: automated processes and smart contracts can simplify logistical operations, reduce manual errors and optimize supplies management.
5.
CRIPTO CURRENCY IN THE GROUND OF THE SUPPLY LAND
Crypto currencies like Bitcoin and Ethereum are becoming a question of payment and services. This is because they equip a few advantages:
- Fast and safe transactions: cryptocurrencies paying fast, safe and decentralized transactions.
2.
- Increased transparency: cryptocurrency transactions are recorded on the public book, ensuring responsibility and integrity.
Examples of companies using the Crypto Currency in Supply Land Management
Several companies have already adopted a crypto currency of supply chain management:
- Maersk
:
- Walmart
: Retail Crypto Crypto Currency Store for Payment Solving for Your Logistical Services.
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Challenges and restrictions
Equipment technology numerous advantages, there are also challenges and restrictions that need to be considered:
1.