The term”supply chain” is a set of activities linking an organization to its clients and suppliers. Supply chains can be complicated and involve several parties.

Currently, there are many ways to track goods in the supply chain. However, each has its drawbacks. For instance, RFID tags can track products throughout their life cycle (from production to the point of distribution). They can be manipulated but are sometimes accurate enough for certain uses (like automotive parts).

Blockchain technology is an improved solution allowing unalterable data from beginning to end. This allows you to track the exact location of your goods from point B to point Z!

Blockchain allows parties to exchange data but remains safe and inviolable. It operates by generating various blocks containing information as well as transactions or events. Each block is timestamped and is connected to the previous block within the chain using cryptography.