More and more companies are turning to blockchain in order to improve their supply chain production processes.

Typical product recalls in the supply chain ecosystem cost $8 million per year, and improved tracking and tracing using blockchain can reduce that annual cost.

Collaboration tools with cloud connectivity are an important foundation for these optimization processes. With these tools, you can manage the complexity of the supply chain and improve the quality of the final product.

A smart supply chain involves streamlining operations using many emerging technologies including big data, IoT, blockchain, and RPA.