How Blockchain and lOT is Making Supply Chain Industry Smarter?
These days, supply chains are complex as well as distributed, involving a large number of parties. Supply chain companies are upgrading their business operations by adopting technologies like IoT and blockchain to monitor assets accurately. IoT sensors are used to collect information relating to environmental conditions, verify how long the cargo remains in a particular truck or at a specific port, and whether or not it’s being tampered with or affected by any means which violates the handling directions.
This information can be used to resolve invoice disputes by providing evidence for insurance claims. It also helps companies by assisting them in optimizing their supply chain operations for improved efficiency. Lets understand how blockchain and lot is making supply chain industry smarter:
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