What is blockchain development for logistics and supply chain management?
Blockchain is a decentralized digital ledger. Decentralization means the ledger exists on multiple computers at the same time. It is a chain of blocks that keeps data records with a unique hash value. It protects records from fraud, tampering, and hacker attacks. Developing applications and platforms for the logistics industry using blockchain technology is called blockchain development for logistics and supply chain management.
What is the role of blockchain in supply chain management?
Blockchain technology enables easy payments, tracking goods in real time, and reducing costs and time associated with collecting and sharing data, to name a few.
How much does it cost to develop a blockchain solution for supply chain management?
There is no standard method of estimating the price of blockchain development for logistics. The final cost is calculated individually since it depends on numerous factors including the feature set, the solution’s complexity and its type, the number of stakeholders interacting with the application, the hourly rates of the development team, etc.
What languages are used for blockchain development for logistics?