Running head: TRANSPORTATION-A NEW SOLUTION TO BLOCK-CHAINTransportation-a New Solution to Block-ChainNameInstitution1TRANSPORTATION-A NEW SOLUTION TO BLOCK-CHAIN2Transportation-a New Solution to Block-ChainQuestion 1Supply chain is described as a dynamic and complex network of people, activities,organization, resources, and information. It is the process and people who are used to source rawmaterials all through to the providing finished goods (Vorabutra, 2016). Global supply chain asan industry is worth $40 trillion annually with no infinite international regulations and laws thatgovern every step of the supply chain. Experiences show that simplest and slightest mistake of abill can result in complex and costly challenges that is hard to solve. However, block-chaintechnology can solve or address issues facing supply chain through greater scalability, enhancedtransparency, and increased innovation (Vorabutra, 2016). Block-chain is a technology thatallows organizations to transparently and securely track distinct types of transactions based onthe possibilities that are presented by supply chain. It is because the technology possesses adistributed database that can hold together digital events or data in a way that makes themtamper-resistant. The following are some of the ways that block-chain technology will addresssupply chain issues.Enhanced TransparencyBlock-chain technology promotes data storage all through the supply chain process.Documentin ...
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