Global supply chains set to improve, thanks to blockchain

© Thelightwriter | Dreamstime.com - Digital computer blockchain on white

For many readers, there may be appear to be growing amounts of hype in the media around the development of blockchain technology, but this Harvard Business Review article (written by somebody who really knows what they are talking about, rather than by a journalist who has talked to people who know what they are talking about) argues that all the recent noise is justified. “What we end up with are dynamic demand chains in place of rigid supply chains, resulting in more efficient resource use for all.” The key point about blockchain is the technology’s resistance to messages about a particular supply chain being tampered with – either inadvertently or purposefully – because everyone in a supply chain is able to “monitor the activity of each other’s credentialled staff”.