Blockchain is Poised to Convert the Supply Chain

Blockchain is poised to convert the supply chain into a competitive advantage if used judiciously with other advanced technologies like Internet of Things (IoT), sensors, 3D printing and Additive Manufacturing, Artificial Intelligence (AI), Machine Learning (ML) and Big Data/Analytics technologies. Key detriments like lack of visibility in the supply chain, improper lifecycle value assessment / performance improvement of assets, and mistakes in establishing ROI of investments will become a thing of the past. Blockchain can also remove the controversies associated with transaction verification among all the parties involved in a business transaction.