What is Blockchain in Supply Chain? Applications, Advantages, Examples and Trends - AIMS Education
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- Опубліковано 7 вер 2024
- The use of blockchain in supply chain management is still in its early stages, but there is great potential for this technology to streamline supply chain processes and improve transparency and traceability. For example, blockchain could be used to track the movement of goods throughout the supply chain, from the point of origin to the point of sale. This would allow all stakeholders to see where the goods are at any given time and make sure that they are being handled properly. Additionally, blockchain could be used to verify the authenticity of goods, ensuring that only certified, safe products are being sold. There are many other potential applications of blockchain in supply chain management, and we will likely see more and more use cases for this technology in the future.
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i have doubt about one thing that was First purse supply chain management course after that i lean blockchain supply chain course
in this case blockchain is used as a decentralised database.. so what has this anything to do with easing payments
Nothing to do with payments. Its all about prevention of tampering data that leads to corruption
It can automate payments given a business satisfies predetermined conditions. Ex) business A and B agree that if the shipment from A to B arrives at B’s warehouse with say a photo confirming its arrival, chain code (or a smart contract) can automatically release payment from B to A. This is a simple example and in reality could be much more complex
I still don't understand how it's better than a traditional database
Its worse. No advantage
@@jamie3226 you joking right
Blockchain is an add-on to the existing system to make the system more secure, untempered and transparent. So every entry you will make on the system cannot be altered, plus it is decentralized so more secure. It's a big topic to discuss
...so. #Blockchain is a database that is based on consensus/decentralized control.
Yes. And everything in seen as an asset. (Claims: An asset can represent an ownership claim for a particular object. Tokens: this means, multiple assets can be issued and attributed to one overarching asset. This can for instance be interesting for token launches. Versioned documents: The version of this document can be updated on a continuous basis. Every time there is a new version of the document, it could be reflected in the metadata. Time Series: An asset can also represent a time series of data. For instance, an IoT sensor records its own data. The IoT sensor is the asset and every submission of its data (e.g. temperature). State machines. Asset as Permission, etc.
So because it uses the concept of Wallet you can create an asset (as a project) and sub assets of that project (permissions) and send those permissions to the wallets of people in your supply chain so they can create new assets, link to other assets or modify metadata on existing assets according to the permissions you granted. I can make these blockchains for one grand, it includes 4 nodes (and instructions to add extra nodes when needed). It uses 2/3 consensus protocol. It includes all the tools in text only (So you can implement a pretty front end if you want with the language of your choice) Tool to add create assets, tool to transfer assets and tool to create Key pairs from Mnemonic or Entropy and to retrieve your key with the Mnemonic.
immutable ledger too
Whoever made this lesson had little idea how blockchain works. I am a professional in the industry.
The only advantage of blockchain is decentralized control of authority. What the video discribed would be especially vulnerable against 51% attack. That's why in the real world it's only used for digital contract and cryptocurrency
Oh, so if we use it for cryptocurrency, there won't be 51% problem, because there are many people in the system?
@@yyndsai in many tokens
insiders own the majority share
Can you explain the main challenges to consider when applying BT in supply chain
Hey man how are you
Any way I can contact you ? Perhaps Instagram or anything ?
I’m doing a research on block chain, is there’s any way possible to contact you to ask you some questions?
This doesn't make any sense. Who are all the nodes that need to find consensus? And how do they know when an event actually took place?
Interesting! And how payment is done in reality?
Hello
please suggest some good resources and courses available.
AIMS (UK) offers several programs in supply chain management and they are listed here: www.aims.education/supply-chain-academy/
theoretical not applicable