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LogoutFollowing are some applications of blockchain technology in supply chain management to make it more precise and efficient:
Provenance
A software solutions firm uses blockchain focused on sustainability communications and supply chain transparency to track and retain accurate records of its client companies, enabling transparency for them and their customers.
Power Ledger
A one-of-a-kind platform that uses blockchain networks to enable peer-to-peer energy trading. An apartment in Western Australia, for example, has cleared the path for cost-effective solar electricity trading amongst tenants within apartment buildings.
Residents are free to sell their electricity to one another, allowing those with excess output, for example, to sell power to their neighbors as needed.
Loyall
This company specializes in aviation logistics and uses blockchain technology and smart contracts to deliver unparalleled control and knowledge to its clients across the whole program life cycle. This allows clients to gain real-time information and save money, among other benefits.