The supply chain acts as the backbone of the manufacturing industry as it forms the essential link between warehouses, production units, and distribution hubs. Supply chains were originally meant to streamline manufacturing processes and efficiently manage production schedules while facilitating seamless inventory movements. Nevertheless, the present-day supply chains have become more complex and convoluted to support the growing business needs in most industries. Besides, there is a lack of transparency between suppliers, vendors, and manufacturers that often causes uneven delays in shipment and payment processing.

As it turns out, Blockchain, the technology behind the crypto, could be an ideal solution to most of the challenges prevalent in the supply chain industry. From providing a tamper-proof digital record of financial transactions to rendering increased transparency and interoperability in operations, blockchain would do wonders for manufacturing and supply chain businesses.

https://erpsolutions.oodles.io/blog/blockchain-supply-chain-managem...