Blockchain role in supply chain management: study Ethereum (ETH)
As the world moves to digital transformation, the concept (SCM) of the control of the supply chain becomes more important. With an increase in E -companies and global trade, companies face new challenges to effectively control their supply chains. One of the popularity solutions is Blockchain technology that provides a safe, transparent and decentralized platform for goods to monitor goods at every stage of production, transport and storage.
In this article, we will explore Blockchain’s role by SCM using Ethereum (ETH) as an analysis of the case. We will explore how ETH unique features and opportunities can be used to improve the control of the supply chain, identifying possible challenges and presenting insight into the future of logistics based on blockchain.
What is Blockchain?
Blockchain is a decentralized digital book in which it safely and transparently records operations on a computer network. It uses cryptography to ensure the integrity and authenticity of the data, so it is resistant to forgery and censorship. The first blockchain platform in 2008 founded Satoshi Nakamoto as Bitcoin, but since then various other crypto currencies have been developed using different protocols.
Blockchain role in control of the supply chain
Blockchain technology has many advantages that can be applied to the control of the supply chain, including:
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- Improved Confidence : Decentralized Blockchain Nature ensures that all parties included in the supply chain have an equal access to information and check property.
- Reduced forgery : transparent blockchain nature helps prevent false, allowing companies to follow the authenticity of the product.
Ethereum (eth) as an analysis of the case
Ethereum is a decentralized blockchain open code platform that allows you to distribute smart contracts on its network. Smart contracts are self -government contracts with certain rules and conditions that can automate different processes such as payment of payment, data storage and supply chain management.
How Ethereum works in control of the supply chain
In the context of the control of the supply chain using Ethereum (ETH), here are several ways of influence on logistics:
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- The visibility of the supply circle
: ETH provides a decentralized platform for data exchange that allows the product monitoring in real time during each phase of the supply circle.
Challenges and restrictions
Although SCM Blockchain Technology offers numerous advantages, challenges and restrictions must also be taken into account:
- Scalagation
: Ethh -scalancing is still worried because it can be difficult to process great offers.
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