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Next Gen Supply Chain: Blockchain and Supply Chain Innovation

December 12, 2017

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Blockchain, or distributed ledger technology, has become well known among some circles because of its relationship to bitcoin. Conceived as a way to record transactions among those involved in a transaction without the use of financial institutions, blockchain’s secure technology has additional applications in the business world. In a recent APQC survey of supply chain professionals, about one-third indicated that blockchain has the potential to create a competitive advantage for their organizations over the next 10 years. About 10% of respondents felt that blockchain would be a potential disruptor for their industry within the same time period.

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