Blockchain & Cloudleaf
Alongside IoT and IIoT, another emerging technology beginning to demonstrate its potential to redefine next generation supply chain operations is blockchain. Most commonly associated with cryptocurrencies, blockchain (while in nascent stages), is actually a sophisticated record-keeping concept that solves for consistency, efficiency and transparency across distributed ledgers. Cloudleaf provides blockchain-agnostic APIs written at the cloud level to allow participation with any blockchain ledger.
From the article:
“The sheer volume of touch points in a typical global supply chain is revealing the fundamental weakness of the manual transaction processing approach. Paper-based record keeping is simply not designed to scale growth or handle the increased volume of transactions, complexity or security required by a globally integrated supply chain. Even more problematic are the large data repositories this approach creates that reveal very little of what is happening on the front lines.”
“Enterprises are moving to digitize their supply chain processes in order to achieve new levels of visibility and proactively manage costly interruptions. Blockchain offers a promising collection of distributed technologies, databases and connectivity solutions that, combined with IIoT solutions, has the potential to transform an enterprise’s reactive legacy manufacturing processes into a proactive global supply chain of cooperative partner relationships.”
Read the full article here.