Blockchain and cryptocurrency work together to ensure the safe and effective flow of products across the cold chain, from optimizing supply chain management to managing various cloud platforms.
In the stock market these days, cryptocurrency is all the rage. A few months back, Bitcoin has reached $50,000, making it the world’s most valuable digital asset.
Tesla founder Elon Musk urged dogecoin owners to sell their holdings.
According to International Data Corp, overall blockchain spending would reach $12.4 billion by 2022.
Blockchain and cryptocurrency work together to enable the safe and efficient movement of products across the cold chain, from streamlining supply chain management to managing various cloud platforms.
But, how do cryptocurrency’s existence and use apply to the supply chain markets?
In a poll conducted on LinkedIn, 75% of respondents see cryptocurrency becoming more commonplace in the supply chain market.
According to a study by Deloitte research, “blockchain-driven supply chain innovations have the potential to generate enormous corporate value by enhancing supply chain transparency, decreasing risk, and improving efficiency and overall supply chain management.”
Cryptocurrency is a part of the supply chain’s future. It’s simply a matter of who’s in and who’s out now.
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