The Malaysian State of Penang has announced its plans to implement blockchain technology in supply chain management of food and agricultural products. However, no specific details about time or any type collaborations has been revealed yet. The Deputy Minister of Agriculture and Agro-based Industries of Malaysia is assertive that implementation of the technology will reduce the operational costs and improve the overall security by eliminating middlemen.
Until a few years back, consumer expectations were much less. Unlike today, they did not mind waiting even for a week or so, to get an order delivered at their doorstep. However, the current scenario is completely different; customers not only give preference to an item’s quality and price, but also their turnaround times. Today, […]
The Abu Dhabi National Oil Company (ADNOC) has collaborated with IBM to pilot a blockchain-based supply chain system to track the trading of oil. Reportedly, the pilot project based on blockchain has provided an automated platform that can keep a track of the oil volumes and financial transactions.
The graduate school for the US Air Force has developed an educational application for supply chain management. The school intends to educate the military professionals on how blockchain can revolutionize the digital infrastructure for future supply chains. The US Air Force Institute of Technology has stated that blockchain will improve supply chain management with digital records.