The Use of Smart Contracts in Supply Chain Management and Logistics

<h2>What are smart contracts?</h2> <p>A&nbsp;<a href="https://www.cdnsol.com/blog/a-quick-guide-to-blockchain-smart-contracts/" rel="noopener ugc nofollow" target="_blank">smart contract</a>&nbsp;is a self-executing contract with the terms of the agreement written into code. Smart contracts are stored on a blockchain network, which makes them tamper-proof and transparent. They are executed automatically when certain conditions are met, without the need for intermediaries. They can be used to automate various processes, such as payments, settlements, and the transfer of assets, and can help to increase transparency, reduce manual errors, and improve efficiency.</p> <h2><strong>Current state of supply chain management and logistics</strong></h2> <p>The current state of supply chain management and logistics can be challenging due to the complexity of the process, which involves multiple parties and multiple steps. The traditional supply chain process is often manual, paper-based, and siloed, which can lead to a lack of transparency and inefficiency.</p> <p><a href="https://medium.com/coinmonks/the-use-of-smart-contracts-in-supply-chain-management-and-logistics-896a77fe87f6"><strong>Learn More</strong></a></p>