Is Blockchain the Future of Supply Chain? Benefits and Challengesby@henrybell

Is Blockchain the Future of Supply Chain? Benefits and Challenges

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The global blockchain supply chain market size is projected to reach $9.8 billion by 2025. Data science consultants agree that blockchain has huge potential in the field of supply chains. The main features of blockchain include: Immutability, security, transparency and speed. Big companies with a lot of transactions can use it for efficient data analysis that would lead to better decision-making. Reducing delivery times is a huge advantage for any international business because it will increase their productivity while decreasing costs. Software consultants say that blockchain gives companies enough data to analyze the past.

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