Auburn University Study Proves Viability of Blockchain as a Common Platform for Supply Chains

By Charles Martin
Auburn University

Communication is much easier when you speak the same language. But for manufacturers, wholesalers and retailers around the globe, the digital “language” of product data varies from company to company — causing error and inefficiency to the tune of $181 billion, according to an Auburn University study.

Auburn researchers have a simple idea: Let’s all use a common language and a common platform throughout the supply chain for communicating product information. It is not a simple solution, though, since each stakeholder has a different vocabulary and methodology — maybe one uses the term “carton,” another says “case” and both use different metrics for counting the contents of those containers.

Please CLICK HERE to read the complete article on the Alabama NewsCenter website.

Category: ALL POSTS, Partner News Stories