Facts about Blockchain and Supply Chain
- 05
Counterfeit drugs are a major target for supply chain blockchain solutions, as the technology allows pharmaceutical companies to verify authenticity at every distribution step.
- 04
Smart contracts on blockchain platforms can automatically trigger payments or alerts when shipment conditions, such as temperature or location, are verified by IoT sensors.
- 03
Blockchain enables immutable, decentralized record-keeping in supply chains, allowing every participant to verify product provenance without relying on a central trusted authority.
- 02
Maersk partnered with IBM to build TradeLens, a blockchain-based shipping platform designed to improve transparency and efficiency across global supply chains.
- 01
Walmart uses blockchain technology to track food products through its supply chain, reducing the time to trace produce origins from days to seconds.