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Is Blockchain Used in Supply Chain? Why?

Explore how blockchain is applied in the supply chain industry and overcome the challenges

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Is Blockchain Used in Supply Chain? Why?

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  1. Is Blockchain Used in Supply Chain? Why? Are you having doubt on, “Is Blockchain used in the supply chain management?” Then, you are now at the right place to clarify your queries. Yes, blockchain is utilized in supply chain. Hope, this won’t amaze you more, since industries like healthcare, e-commerce, gaming, e-learning and much more are safe and secure under the blockchain umbrella, where the supply chain is not an exception to it. Fine, Let me explain how blockchain is applied to supply chain. Blockchain in supply chain is chiefly to overcome their challenges. Here are the challenges faced by supply chain industry. Blockchain in the supply chain is proficient in several supply chain challenges like keeping complex records and product tracking. Though there may be several challenges and blockchain solutions applicable in the supply chain, there are 3 chief challenges which are the major concern of the industry. 1. Provenance Tracking 2. Cost Reduction

  2. 3. Trust Establishment Blockchain can simply overcome these primary challenges of the supply chain industry and seeking blockchain solutions for the supply chain becomes the right choice. Likewise, seeking the best blockchain solutions provider is also a notable one. We, Osiz technologies, a top-notch blockchain development company provide complete blockchain solutions for supply chain with expert blockchain professional. Also Read : Why Blockchain for SupplyChain Management?

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