Blockchain Supply Chain

Blockchain Supply Chain

The new Eldorado?

Blockchain is a new technology for recording and transmitting information that emerged in 2008, like bitcoin and cryptocurrencies. It has the potential to revolutionize all supply chain exchanges, providing ever greater transparency and traceability.

What are the advantages of the BlockChain?

It's a decentralized system that traces the history of all actions established between users, grouped together in validated, time-stamped blocks.

Blockchain is not limited to finance, with which it is often associated, as it can be used for any transaction requiring traceability and visibility. Blockchain is free of rights, and the system's collective verification ensures its high degree of security and speed. Depending on whether it is public or private, it is accessible to all or only to authorized persons, enabling each user to validate his or her part of the chain. It's like an accounting ledger shared transparently, unforgeable and indestructible, and therefore highly secure.

Blockchain is based on P2P (peer-to-peer) logic.

This is a way of organizing computer systems where connections are created by mutual agreement between interacting "peers", in the form of file sharing. This logic generates a relational dynamic that enables the sharing of resources with usage value. In the food industry, for example, BlockChain is justified for error-free traceability of foodstuffs throughout the supply chain, from production to the end consumer. This incorruptible transparency makes it possible to identify the exact origin of contaminated products at any given time, and to react swiftly if necessary.

Blockchain is a technology that can be used for many applications, including logistics.
Blockchain is a technology that can be used for many applications, including logistics.

Connections are created by mutual agreement between "peers"

What are the benefits for the supply chain?

Apart from reducing potential fraud and human error,

The Block Chain also reduces processing and administration costs, which can be substantial, as in shipping, for example, where more than 30 intermediaries may be involved in shipping a single container from one end of the planet to the other The use of various sensors and NFC or RFID chips facilitates the collection of data on the position of goods, their condition and their transport. Cryptographic evidence improves traceability, which is essential in the pharmaceutical sector given the high percentage of counterfeit products.

Beyond transparency and data security,

Among the 3 categories of Blockchain use are applications for asset transfers (cryptocurrencies), as a register for goods traceability of great interest to the Supply Chain, and finally its application for "smart contracts", i.e. the programmable automatic execution of the terms and conditions of a given contract.
The major challenge of blockchain lies, as one might imagine, at the limit of its physical and virtual frontiers. This is why the combination of Blockchain technologies and the Internet of Things (IoT, i.e. the link between physical products and their digital existences) via sensory sensors is vital to reap the benefits and relevance of Blockchain for a Supply Chain.
Beyond these aspects, blockchain can also be a real marketing argument, if the supply chain is made transparent and reliable via the technology, thus retaining customer trust in the authenticity of the final goods.

Blockchain brings reliability to your logistics data.
Blockchain brings reliability to your logistics data.

A key element in logistics 4.0?

In the context of globalization,

Hyperconnectivity is at the heart of the "fourth industrial revolution", from which logistics 4.0 emanates, which is warehouse management based on IT connectivity, digitization of data and use of the cloud. It goes beyond logistics 2.0 and 3.0, which are more focused on robotization and standardization of operating modes. A digital supply chain therefore relies heavily on the company's intrinsic culture based on the data web, with its notions of data security and RGPD.

Today, many supply chains are still based on paper documents, a source of errors, obsolescence and potential corruption.

The future of any supply chain lies in its digitization, and Blockchain can become the infrastructure of choice for digital supply chains.

Blockchain is a tool to help you control your logistics data.
Blockchain is a tool to help you control your logistics data.

Discover logistics software

Bext Logistics Software

The boom in e-commerce, omnichannel sales, changing purchasing habits and consumer expectations are all having an impact on logistics, and especially on warehousing, which is on the front line. BEXT WS frees you from unforeseen events such as stock-outs, discrepancies and picking errors; the solution optimizes your m2, your resources and digitalizes your processes for impeccable customer service.

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