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Blockchain: A Catalyst to Profitability in the Supply Chain Industry

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Cygnet Infotech
Blockchain: A Catalyst to Profitability in the Supply Chain Industry

The buzz around Blockchain has stabilized for now.

Blockchain solutions for suplly chain stands as a gatekeeper of trusteeship in sectors including but not limited to healthcare, energy, entertainment, real estate and supply-chain.

The underlying challenges of this industry - siloed data, disparate data sources, inability to access big data and lack of analytical prowess, are leading the industry to suffer.

Inter dependability of one process on the other results into poor profitability.

High expenditure and maintenance cost in the supply chain warehouse is a result of mismanaged inventory leading you to pay for extra storage space, extra money to search item from the inventory.

Poorly managed supply chains have been a long chain of mishandled information and its reverberations.

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