Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Outcomes: improved inventory management; More accurate determination of re-order points; Better on-shelf availability. from the global economy by 2022.

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

Companies will be able to do predictive maintenance to reduce downtime, better manage their inventories, and also to become more flexible and responsive to changes in market conditions. Security concerns surrounding the Internet of Things are due to two factors, El Adl says.

The Internet of Things is over 30 Years Old and still in Its Infancy

Enterra Insights

Other benefits include inventory tracking, product tracking, process improvement, and optimization. “Currently,” he writes, “there are approximately 10 billion connected devices, with the number reaching 20 billion in 2020, 29 billion to 42 billion in 2022, and 75 billion in 2025. Principal among those reasons are a lack of standards and concerns over security and privacy. How can something over 30 years old still be considered in its infancy?

5 Disruptions Shaping the Digital Transformation in Distribution and Logistics

Supply Chain Nation

Macpherson predicted that the figure will easily be 80 percent by 2022. The ability to gain insight from the data provides real-time visibility, security and efficiency, as well as the opportunity to predict and proactively act on supply chain risks.