Supply chain reliability and efficiency are always a concern for product-based businesses, but their importance was spotlighted recently as multiple industries struggled both with obtaining needed mat
erials and keeping their products continually available on store shelves. Companies looking for streamlined, easy-to-manage and safe solutions may be considering blockchain as an option.
While blockchain technology can be an impactful tool for many applications — including, in some cases, logistics and distribution — it’s not necessarily the best tool for certain industries. Below, 11 members of share their tips for companies exploring leveraging blockchain to manage their logistics and/or distribution processes.Companies often feel pressure to adopt the latest solutions to keep pace with the competition. However, it’s important to have a proper understanding of these solutions’ applications before jumping on the bandwagon. Blockchain’s value as a tool should be superseded by its visionary reimagining of how we can store and share information.
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