Supply Chain Revolution: How Blockchain Technology Is Transforming the Global Flow of Assets

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The COVID-19 pandemic has exposed vulnerabilities in global supply chains, leading to significant loss of life and economic disruption. Manufacturers struggled to find new suppliers when Asian sources shut down, resulting in widespread shortages of essential goods. Blockchain technology offers a solution to mitigate such disruptions. This book features insights from leading experts on how blockchain, alongside innovations like additive manufacturing, artificial intelligence, and the Internet of Things, can tackle persistent issues that slow down and complicate the delivery of goods, particularly during crises. Current supply chains rely on a complex web of documents and intermediaries, obscuring the status and custody of goods. This lack of clarity can lead to consumer panic, as seen with toilet paper shortages during the pandemic. Blockchain, known as the Internet of Value, allows for digital peer-to-peer management and trading of assets, promising to revolutionize global commerce. It will enhance operations, logistics, procurement, transportation, customs, trade finance, manufacturing, and inventory management. The book outlines what leaders must do now to prepare for a decentralized future, offering valuable ideas for executives and entrepreneurs to engage with stakeholders and embrace the blockchain revolution.