In practice, current supply chains are opaque and imperfect, and difficult to manage. The problem can be solved with blockchain, an emerging technology that has proven to be useful in bringing transparency and efficiency to a range of industries. But for this, businesses need to be ready for an open and transparent policy.
Many supply chains have become global and complicated, which has added complexity to management. Companies have several suppliers with networks of their suppliers. The remoteness of delivery regions, the difference in business approaches and standards, increasing consumer requirements for services and products, and increasing the number of participants in supply chains are growing barriers to transparent and manageable interaction of suppliers.