A simplified explanation of supply chain management on the bLOCKCHAIN

in simplified •  6 years ago 

How do you know that the shirt you wear, the drinks you drink and the food you buy from the market are healthy, safe and non-counterfeit things?

Well, the answer is that you do not know it, but only trust. Trust because there is no effective way to find answers to these questions. Either you sacrifice and use the products or prefer to dispense with them.

But what if you no longer need to make concessions or give up buying and enjoying the things you want? This is guaranteed with security and safety!

Well, this can be achieved in an effective way through a revolutionary technology called the bLOCKCHAIN. Taking advantage of supply chain management on the blockchain

A simplified explanation of supply chain management on the blockchain

The technology of blockchain has been introduced into the world through the leading encrypted currency: Bitcoin. Although it all started with blockchain-bitcoin, the use and application of buccaneers is not limited to financial transactions. But can extend to such areas as supply chain management (SCM) for different goods and products.

This is the subject of the next lines, which discuss how to use plucchin in supply chain management. But before that let's take a simple overview of supply chain management (or supply) in fact.

What is Supply Chain Management (SCM)?

In trade, supply chain management, ie, the flow of goods and services, involves the movement and storage of raw materials, goods under operation, and finished goods from point of origin to point of consumption.

A supply chain refers to the connected network of individuals, institutions, resources, activities and techniques involved in the manufacture and sale of a product or service. The supply chain begins delivering raw materials from a supplier to a plant and ends with delivery of the final product or service to the end consumer

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