Blockchain in the supply chain is a term used in the fields of blockchain, Industry and Factory 4.0 and digital transformation. It describes how blockchain technology is used to make supply chains - i.e. the path that a product takes from the manufacturer to the end customer - more transparent, secure and efficient.
With blockchain in the supply chain, all steps of a product, such as production, storage and transport, are documented digitally and tamper-proof. Each of these steps is stored as a block in a digital chain that cannot be subsequently changed. This allows everyone involved to maintain an overview at all times and minimises the risk of fraud or errors.
A practical example: Imagine you buy a fair trade coffee. With blockchain in the supply chain, you can track exactly where the beans come from, when they were processed and how they were transported. So you can really trust the product.
In short: blockchain in the supply chain ensures greater transparency, less fraud and better control of production and delivery processes - a real benefit for companies and customers.
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