article thumbnail

Using blockchain to combat counterfeiting in manufacturing

CGI

Using blockchain to combat counterfeiting in manufacturing. Whether it’s COVID-19 vaccines, industrial goods, car parts or fair-trade chocolate, today consumers want assurance that the product they’ve purchased is genuine. Product authenticity plays a huge role in assuring consumer confidence for B2B and B2C businesses.

article thumbnail

Improving supply chain resiliency in the industrial sector

IBM Big Data Hub

The industrial sector is facing a perfect storm when it comes to their supply chains: an outdated reliance on manual processes, raw materials demand that will likely outpace supply, as well as potential resource constraints. What can help improve visibility and resiliency in the industrial sector supply chain?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How blockchain, CRM and trade finance are transforming supply chain management

CGI

How blockchain, CRM and trade finance are transforming supply chain management. To me, this is a literal example as to how blockchain technology is hitting the transportation and logistics industry like a Mack truck – but in a good way. Next, let’s examine the traditional process behind this picture, before blockchain.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

In this age of supply chain disruptions that hold the power to upend entire industries, strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic. Blockchain-based solutions can be leveraged to build a trusted ecosystem of suppliers and partners.

article thumbnail

Understanding Blockchain and its Impact on Legal Technology, Part Two

eDiscovery Daily

Now, Tom has written another terrific overview regarding blockchain and legal technology titled Understanding Blockchain and its Impact on Legal Technology that we’re happy to share on the eDiscovery Daily blog. Understanding Blockchain and Bitcoin. Background on Blockchain and Bitcoin. How Blockchain Works.

article thumbnail

Building a sustainable automotive supply chain

IBM Big Data Hub

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ For example, the chip shortage has been a call to action for both original equipment manufacturers (OEMs) and suppliers.

B2B 64
article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Big Data Hub

It can take many forms, from automated warehouse systems that pick and pack orders, to blockchain-based smart contracts to software that automates purchasing and invoicing processes. Blockchain technologies can increase transparency and traceability in the supply chain, helping to prevent fraud and ensure product authenticity.