How Blockchain Can Potentially Replace Traditional Supply Chain Processes
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How Blockchain Can Potentially Replace 
Traditional Supply Chain Processes
The technology which has garnered the most attention in the last few years is 
Blockchain technology. Although it's not old technology, the fervour it has created 
has made it one of the most promising technologies of the world. It has impacted 
the different business segments, with the supply chain being one of the most 
influenced segments. Even though Blockchain is often associated with the 
financial segment, it's prominence is omnipresent. Almost all the business 
verticals can reap the benefits of this technology. 
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One of the key aspects when we talk about Blockchain that it offers ease of 
tracking data and transparency; both these features can prove to be of immense 
benefit to the supply chain system. Here we will be highlighting how does 
Blockchain has created an overpowering impact in the supply chain system.
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Blockchain and Supply Chain System
 The supply chain system is the pillar on which the success of any business 
stands, and hence it is important that its functioning is seamless. Despite a lot of 
technological advancement, the supply chain system suffers from bottlenecks like 
third-parties, delayed response time, and lack of transparency.
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So, what is the way out? The answer, to some extent, lies with Blockchain. 
Several companies are now hiring Blockchain experts who can help leverage this 
technology for the benefit of the business. Let's understand how does that 
happens.
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Tracking the information- Besides creating an unhackable system of transaction 
exchange, Blockchain finds a multitude of use and tracking and tracing if the 
information is one such aspect. This feature of Blockchain can be of great help to 
the supply chain process. Since every information is stored as a chain and is time-
stamped, it becomes easier to track any information
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Data security- One of the key problems of any digital platform is the security of 
data. Blockchain helps in overcoming these problems. All the data is encrypted 
cryptographically in the DLT, thereby reducing the probability of any threat or 
attack. At the same time, the problem with permissionless Blockchain is that 
anybody can participate in the network. But, Blockchain developers have come 
with permission Blockchain, which reduces the probability of data threats or 
hacking attempts.
 
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Cold Chain Monitoring- The food and pharma industry has specialized storage 
needs. Companies look forward to sharing the warehouse and distribution centers, 
instead of paying all by themselves. Sensors on products can help in recording the 
temperature, humidity, and environmental conditions. These conditions may 
impact the effectiveness and shelf life of sensitive products.
All the information about temperature and other environmental conditions is stored 
on DLT. In case the store condition deviates, then each member of the system 
can see, and the smart contract can trigger the corrective response.
 
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Challenges ahead
All these look very promising, and many people expect Blockchain to be a 
panacea for all the bottlenecks of the system. However, the technology is still at a 
nascent stage, and the lack of Blockchain developer and Blockchain exerts is one 
such aspect that needs to be met.
 
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Wrapping it up
The demand for Blockchain experts has increased owing to the increasing number 
of Blockchain applications across different business verticals. If you want to join 
the bandwagon of success, you can go for the Blockchain certification program 
offered by Blockchain Council. This Blockchain course is designed as per industry 
standard and will help impart all the necessary knowledge to become an expert in 
this domain. So, enrol for the Blockchain course today, and start exploring new 
horizons of professional growth.
 
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Blockchain Council Certifications
You can check out our certifications, and Blockchain Online Degree kick start your 
career in the Blockchain space today.
● Certified Blockchain Expert
● Certified Blockchain Developer
● Certified Smart Contract Developer
● Certified Solidity Developer
● Certified Ethereum Developer
●  Certified Cryptocurrency Trader™ (CCT)
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THANK YOU!
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[email protected]
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