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Blockchain in Supply Chain Management – An Inevitability in the Near Future?

Blockchain in Supply Chain Management – An Inevitability in the Near Future?

Digital globalization has shrunk the world into a global village, making connectivity and accessibility the least of our worries. Consumer behavior and demands are evolving faster than ever, making even winning business models of yesteryears completely obsolete. Trade has transformed, involving more stakeholders; the target market space for products as well as the resource pool for manufacturers have grown exponentially beyond borders. Geographical demarcations now exist to serve only as a means to mark one’s administrative territories. To maintain the fine balance between supply and demand, logistics and supply chain play a pivotal role.

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Increasing production efficiency with IoT in manufacturing

In the world of manufacturing, production systems and processes have long been a source of competitive advantage. Take the case of Toyota: the Just-In-Time system of manufacturing employed by Toyota allows them to produce high-quality vehicles at lower costs, in...

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Your Guide to the Internet of Things (IoT)

There have been a lot of discussions online regarding the Internet of Things (IoT), which is not surprising. As a technology, IoT has the potential to completely transform the way we live and do things. It’s already been making inroads into our lives on several...

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Blockchain in Healthcare: Enhancing Patient Care and More

This article looks at the core features of blockchain technology, the various applications of blockchain in healthcare, and the challenges that need to be overcome. From relative obscurity to mass popularity, blockchain technology has come a long way since it was...

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Blockchain Explained: What it is and How it Works

1. Background If you have been following technology and finance news for the past few years, chances are you have heard of the term ‘blockchain’. Blockchains first made news in the public domain in 2009 when an individual, or a group, who went by the name Satoshi...

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