Blockchainis a disruptive technology. In fact, it undermines old ways and habits of tracing (or not tracing) the exchanges carried out within a process, ensuring transparency and being able to allow the information to remain unalterable. It is not like many people think of new technology, given that after the first implementations related to cryptocurrencies and therefore to the famous bitcoins, applications in the world have spread and are now important and easily accessible even by small and medium-sized enterprises.
If you have
been following banking, investing, or cryptocurrency over the last ten years,
you may have heard the term “blockchain,” the record-keeping technology behind
the Bitcoin network.
Blockchain
seems complicated, and it definitely can be, but its core concept is quite
simple. A blockchain is a type of database. To be able to understand
blockchain, it helps to first understand what a database actually is.
A database
is a collection of information that is stored electronically on a computer
system. Information, or data, in databases is typically structured in table
format to allow for easier searching and filtering for specific information.
What is the difference between someone using a spreadsheet to store information
rather than a database?
Spreadsheets
are designed for one person, or a small group of people, to store and access
limited amounts of information. In contrast, a database is designed to house
significantly larger amounts of information that can be accessed, filtered, and
manipulated quickly and easily by any number of users at once.
Large
databases achieve this by housing data on servers that are made of powerful
computers. These servers can sometimes be built using hundreds or thousands of
computers in order to have the computational power and storage capacity
necessary for many users to access the database simultaneously. While a
spreadsheet or database may be accessible to any number of people, it is often
owned by a business and managed by an appointed individual that has complete
control over how it works and the data within it.
Sustainable
supply chain management involves integrating environmentally and financially
viable practices into the complete supply chain lifecycle, from product design
and development to material selection, (including raw material extraction or
agricultural production), manufacturing, packaging, transportation.
Sustainability in the supply chain
encapsulates several different priorities:
·
Environmental
stewardship
·
Conservation
of resources
·
Reduction
of carbon footprint
·
Financial
savings and viability
·
Social
responsibility
Supply chain
sustainability practices, in order to succeed, must deliver improved
environmental performance within a financially viable operating construct.
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