New Research Focuses on Explains Their Power and Offers Implementation Roadmap
A new report explains the concept of smart contracts and their application in supply chains, as well as highlighting their pros and cons. It also lays out an initial path for gaining expertise in these tools.
Chain Business Insights, an independent research firm focused on the application of blockchain in supply chain management and trade finance, published its latest research brief, “Smart Contracts in Supply Chain: Making Sense of a Potential Game Changer .”
“A smart contract is computer code hosted on a blockchain that defines and executes the terms of an agreement between parties,” said Ken Cottrill, co-founder and research principal at Chain Business Insights. “Given their versatility, the range of potential applications in the supply chain domain is vast.”