Can Blockchain reduce supply chain complexity and costs?

Blockchain – the technology behind the digital asset and payment system Bitcoin – is being mooted as the next big thing for supply chains. But how can this fledgling technology be used to benefit logistics and the greater supply chain?

The answer lies in its potential to speed up administrative processes and to take costs out of the system while still guaranteeing the security of transactions, writes Gavin Parnell, Director of Go Supply Chain.

The underlying principle of blockchain is to provide a secure environment where encrypted business transactions between buyer and seller can happen without the…

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