Logistics Blog | Total Distribution, Inc. in Jacksonville, FL


Supply chain involves many steps to get to a desired end commercial result. When retail goods move, different departments within all companies need a specific “touch” to keep movement going. From product design to manufacturing, accounting and billing, packaging, warehousing and finally shipping, the supply chain process can be very complex. Supply chain nowadays is going through a transformation from analog to digital. This change must happen in order to keep goods moving. What’s driving supply chain’s transformation from analog to digital? Consumer demand.br>
Consumer Demand Shows a Broken Supply Chain

In the olden days, commerce occurred mainly in local venues. It was easy to pay for goods and services because we used gold and silver coin. However, a grown-up world now globally practices commerce. That global financial activity demands efficiency. Paying bills using gold and silver coin is the analog way to conduct business and is cumbersome. Digital currency (blockchain, cryptocurrency) is the new way to pay bills. It is being touted as an efficient solution to doing business today.

What is blockchain and how is consumer demand calling for it?

Blockchain, a distributed, digital ledger is now being accepted by many retailers to pay for goods and services. Companies have simply agreed to accept it in addition to traditional ways for bill paying.

In blockchain, businesses digitally record every transaction done between them as a matter of highly transparent business activity. Unlike using cash through a central bank, no central authority presides over blockchain.

The digital way of paying for goods and services assures transparency from beginning to end since everyone sees all “chain links” in the entire processing flow picture. In other words, no one can mess with the blockchain records.That probably is a good thing.

Remember, consumer demand is driving blockchain. Is your company using it yet?

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