Logistics Viewpoints: Lots of Noise around Blockchain in the Supply Chain, But Lots of Challenges

October 2017 — Sweetbridge is mentioned in Logistics Viewpoints as a company using blockchain to improve global supply chains

The Sweetbridge Foundation, a non-profit governance body, is aiming to use blockchain to lower the cost of doing business in global supply chains. In global supply chains, it is common for a big firm to buy goods from small manufacturers, but then to pay the suppliers slowly. These suppliers must engage in price factoring arrangements to insure they have enough cash flow to continue operations. This increases costs not only for the supplier, but across the end-to-end supply chain. Blockchain, this organization argues, could greatly reduce the financial costs associated with strategic procurement.

Read the full story at: https://logisticsviewpoints.com/2017/10/12/lots-of-noise-around-blockchain-in-the-supply-chain-but-lots-of-challenges/