Tag Archive: supply chain
Blockchain in freight invoice reconciliation
Posted on August 2, 2021Digitization is changing business models because of its potential to reduce cost and risk, increase speed, and enable businesses to deliver better customer service. But it is more than converting paper documents into an image and passing it to others in the supply chain. The value add lies in the ability to extract and analyze data. Several technologies enable digitization including internet of things (IoT), artificial intelligence (AI), virtual... Read More
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The pandemic highlighted the need for more resilient, more transparent supply chains, healthcare delivery and financial services, so enterprises have been investing in blockchain as an enabler. IDC forecasts that organizations will spend nearly US$6.6 billion on blockchain solutions in 2021, an increase of more than 50% compared to 2020. Moreover, spending will continue grow throughout the 2020-2024 period with a five-year compound annual growth rate (CAGR) of 48%.... Read More
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