Blockchain as a Solution to Supply Chain Issues?

June 3, 2020

Could blockchain technology help alleviate some of the bottlenecks in the supply chain?

A recent article on Harvard Business Review looks at why the pharmaceutical industry is betting on the innovative technology.

“As both the technology and the industry’s processes for working together matures, blockchains could help us get better and faster at getting medicines and vaccines to where we have the most epidemiological urgency,” the author, Alison McCauley, writes. “With more granular visibility, stakeholders could better zero in on clogs in supply chains, more quickly locate and remove expired, damaged, or fraudulent products, see where supplies are low, and efficiently redistribute inventory to where it is needed most.”

Click here to read the full article on Harvard Business Review. (Paid subscription may be required)

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