Article: When efficiency is in short supply, blockchain could ensure the supply chain’s legal and customs compliance
Tuesday, 1 September, 2020
As customers’ expectations grow, the supply chain is facing numerous challenges. Burdensome paperwork, supply errors, shipment delays, fraud, and overcharge costs plague the industry, but blockchain adoption could solve most of these issues with automation of the supply chain processes, resulting in lowered bureaucracy costs, increased liquidity in trade finance and improved traceability. What about legal concerns regarding blockchain’s adoption?