Supply Chain Quarterly: It’s Digital Payments, Not Blockchain, That Is The Killer Technology For Supply Chains

Blockchain is the foundational technology that powers something important for global fund and value flow: digital payments.

In his opinion piece for The Supply Chain Quarterly, Marc Taverner discusses how blockchain technology initially aimed to enhance supply chain transparency but faced challenges in delivering cost savings and operational efficiency due to legacy transformation costs and data exposure. Companies leveraging digital currencies experience substantial savings and efficiency gains, making them preferable over traditional banking methods. Instead of pursuing blockchain supply chain pilots, Marc advises businesses to explore digital payment solutions to streamline operations and save costs.

Read the full article here.