Blogs

Comment: Blockchain – solving supply chain management challenges

Supply chain management today is a complex endeavour. Regardless of how many Enterprise Resource Planning (ERP) solutions, workflow tools, digital shipment tracking devices or other integrated monitoring solutions are deployed, complexities, product losses and inaccurate data management abound.

No longer the responsibility of one or maybe two players, today’s supply chain is riddled with multiple parties, multiple checkpoints and – across them all – a tangled web of processes and systems that need to properly integrate to function cohesively.

Blockchain: The solution to public sector corruption

Blockchain, the same technology that powers the cryptocurrency Bitcoin, has the potential to bring transparency, security, accountability and efficiency to existing government services. In addition, blockchain creates opportunities to deliver new services in new ways that previously were not possible. This is because blockchain allows users to verify the legitimacy and validity of fund transfers without trusting a third-party to maintain account balances or relying on a single user to authorise.