APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Blockchain-IoT Duo is Revamping Supply Chain!

    The integration of IoT and blockchain can disrupt the traditional supply chain with the incorporation of a transparent, decentralized smart contract ecosystem.  

    Blockchain-IoT Duo is Revamping Supply Chain!

    By

    Apac CIOOutlook | Tuesday, July 02, 2019

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    The integration of IoT and blockchain can disrupt the traditional supply chain with the incorporation of a transparent, decentralized smart contract ecosystem.

    FREMONT, CA: Blockchain technology in integration with the internet of things (IoT) has the potential to disrupt several industries. The integration of IoT and blockchain is disrupting the traditional supply chain with the incorporation of a transparent, decentralized smart contract ecosystem. IoT devices that include an array of devices connected to the network can be used to collect telemetry data at various stages of a supply chain. The data thus collected is transferred to an IoT hub that aggregates the data streams for further analysis. Blockchain smart contracts perform validation on the data and update each supply chain stage for various parties. Rule-based intelligence can be used to enable the transactions in a completely transparent and trusted manner.

    Check out: Top Supply chain companies

    The above concept can be understood with an example from the dairy industry’s distribution supply chain. The chain initiates where milk is sealed at a set temperature and humidity level. The transportation process requires the same condition. IoT devices with sensors for humidity and temperature can be installed in the carriers. All the partners in the supply chain can track quality status, delivery time, and costs. Thus smart devices integrated with blockchain will reduce the operating costs and increase the efficiency of the supply chain.

    The primary goal of blockchain technology was to ensure trusted financial transaction between two entities without involving a third party such as a bank. Peer-to-peer transaction meant less expensive and faster transactions. The immutable and secure nature of the blockchain provides complete integrity as the transactions are validated within the system.

    Additionally, blockchain transactions are stored and distributed across several nodes within the network. Thus the technology allows creating and maintaining a common and updated database. The concept of “smart contracts” has emerged due to the above factors. It is to digitally facilitate, negotiate, or verify an agreement between two parties. Smart contracts allow legitimate transactions without the requirement of a central authority. Moreover, the transactions can be tracked and are irreversible.

    Some supply chain companies: 1WorldSync, AFFLINK, Matthews International dba Pyramid

    More in News

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/blockchainiot-duo-is-revamping-supply-chain-nwid-6561.html