Blockchain Security And Trustworthiness In Manufacturing Supply Chain

What is Blockchain Security And Trustworthiness In Manufacturing Supply Chain? The below diagram explains Blockchain Security And Trustworthiness In Manufacturing Supply Chain. This chart shows an important concept or a framework to help one run their business, improve company's strategy, internal processs, enhance project management, technology, and client experience.

Blockchain Security And Trustworthiness In Manufacturing Supply Chain

Blockchain technology has the potential to transform the supply chain and logistics into secure, agile, trusted, and transparent functions . Blockchain is a digitally managed, distributed, and decentralized ledger used to record transactions in an immutable format. Its characteristics in providing trust, transparency, and traceability make it attractive for applications where transactions are involved . Blockchain technology can provide significant benefits to the supply chain and logistics network of manufacturing companies in terms of trust, transparency, traceability, security, and flexibility . A private or permissioned blockchain is suitable for multi-organizational businesses such as supply chain and logistics . In addition, IoT-blockchain integration, smart contracts, and asset tracking has immense benefits in the future .