Guest blog: how blockchain can strengthen supply chain links

© Aleutie

Blockchain – the technology behind digital asset and payment system Bitcoin – is being mooted as the next big thing for supply chains.

But how can this fledgling technology be used to benefit logistics and the greater supply chain? The answer lies in its potential to speed up administrative processes and to take costs out of the system while still guaranteeing the security of transactions.

The underlying principle of blockchain is to provide a secure environment where encrypted business transactions between buyer ...