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HOW THE SUPPLY CHAIN INDUSTRY IS NOW SET TO A MAJOR DISRUPTION WITH BLOCKCHAIN EMBRACEMENT?

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Blockchain – A game changer for today’s supply chains: Nowadays, businesses start finding that the blockchain use cases seem to disrupt their functionalities at a greater pace. Especially, the product supply chains have been experiencing transformations gradually in terms of their operations with the application of advanced blockchain technologies. For instance, if we take a critical supply chain system, it usually takes days to complete a payment transaction that happens between either a product consumer and a vendor, or a producer and a supplier. Blockchain helps in addressing this cumbersome challenge by enabling the fast-forward transactions.  Let us assume that a product/commodity/service has been launched into the market by the company that has manufactured it. In this case, its supply chain implies the entire life cycle of the product right from its flow from the producers/suppliers to the consumers. It primarily involves the following aspects: ·...
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Is the seafood supplychain blockchain makes the industry truly sustainable?

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Come! Let us accelerate and make a move towards the sustainable seafood production and management. Seafood is a highly nutritious and valuable source of food and so that it is very much crucial to stimulate its sustainability levels. A statistical study shows that around 10 in 1 people on the planet use to derive their income from seafood (aquaculture and fisheries). Also, the global seafood production and consumption rates hit some millions and keep staying with an all-time high over the recent years.  This has made the seafood as one of the world’s largest cum fast growing sector shining with an immense future scope. Hence it is vital to protect and enhance the operational efficiency of the seafood supply chains at a greater scale. From a recent report, we came to know that blockchain has the power to transform the entire seafood supply chain domain by boosting the transparency level. As an evident, blockchain helps the aquaculture fisheries trace and rec...
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