Blockchain is an emerging technology & often associated with the Fourth Industrial Revolution. This is robust like the Internet, but unlike the web2 Internet of today, it stores identical blocks of information across its network. For this reason, a blockchain cannot be controlled by any single entity nor does it have a single point of failure.

By storing data across its network, the blockchain eliminates the risks that come with data being held centrally. Blockchain networks lack centralized points of vulnerability that computer hackers can exploit easily. In short, Blockchain could be called Technology of Trust or Trust Database. Over the last few years, many companies have started seeing the potential of using it to develop Digital Procurement & Supply Chain.

Key Takeaways:

What is Blockchain & how it works?
What are the limitations of existing System?
Use Cases: Procurement & Supply Chain
Challenges & Future
Digital Maturity Model
Role played by ISM-INDIA to excel in this field

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