In the article published in Financial Express, Prof. A Seetharaman (Professor & Dean, Research, SP Jain School of Global Management) talks about the potential of blockchain technology in revolutionising supply chain management towards sustainability.
In the article, Dr Seetharaman highlights the success of blockchain in cryptocurrencies like Bitcoin and its applicability in various sectors, particularly finance and supply chain, whilst emphasising the complexity of global supply chain networks and the challenges they face, including trust, traceability, interoperability, and sustainability.
He adds, “Blockchain technology helps in addressing the issues of the supply chain ecosystem by bringing all stakeholders such as raw material suppliers, manufacturers, distributors, wholesalers, retailers, and end-users/consumers onto the same platform. Usage of smart contract features of Blockchain platform coupled with IoT& AI in logistics and supply chain area enables predictive maintenance resulting in better logistics solutions.”
To read the full article, please click here.
