Industry TalkRegular Industry Development Updates, Opinions and Talking Points relating to Manufacturing, the Supply Chain and Logistics.
How Distributed Ledger Technology is helping supply chain professionals comply with ever-changing regulations
In recent years, and in the UK especially, the supply chain landscape has become more complex and difficult to navigate thanks to post-Brexit regulatory upheaval and new policies relating to social responsibility and the environment.
DLT (Distributed Ledger Technology) helps reduce room for error as it creates a system of recording information that makes it impossible to change data. It can also assist traders in meeting these new regulatory changes and adapting their shipping policies, as it provides better visibility on data and improves compliance.
Increasing transparency and accountability across the board in supply chains and implementing the right technology and processes will ultimately lessen the burden on the people, too.