Advantages of Using Blockchain and IoT for Supply Chain Management
Blockchain and the Internet of things (IoT) are two recent technological advancements transforming different industries. In supply chain management, key players are using blockchain and IoT to achieve efficiency, reliability, and speed for all stakeholders involved in the chain. Industries are finding Blockchain and IoT two most important strategic technology trends in 2020, According to IDC, 20 percent IoT deployment involve basic levels of blockchain services enabled. Blockchain is a type of distributed ledger which provides characteristics like traceability, auditability, security, and…