If there’s one technological innovation that has truly captured my attention over the years, it’s blockchain technology. While many of us associate blockchain with cryptocurrencies like Bitcoin, its applications go far beyond digital currencies. One area where blockchain is proving to be a transformative force is supply chain management. In this blog, I’ll walk you through what blockchain technology brings to supply chain management, why it matters, and how businesses can use it to solve real-world problems. How is blockchain technology used in supply chain management? At its core, blockchain is a distributed ledger system that records transactions in a secure, transparent, and tamper-proof manner. In the supply chain, this means tracking goods from the source to the final consumer with a high level of accuracy and trust. The keyword here is transparency: every stakeholder in the supply chain—from suppliers to manufacturers to retailers—can access the same immutable record of transacti...
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