Too Long; Didn't Read
Global supply chains underpin the macroeconomy and global markets and are of key importance for a smoothly running economy. The management of supply chains has a direct impact on a company's competitive positioning and ultimately its long-term success. The key characteristics of blockchain technology, decentralization and immutability, play a key role in this context.Blockchain technology can assist enterprises in achieving this goal and is already being applied in more and more enterprises. It can take considerable time and effort to track a components' origin and route, which can cause delays and lead to errors.