Blockchain is like a digital record-keeping system that helps track products and information as they move through a supply chain. Think of it as a shared digital ledger that everyone in the supply chain can see but nobody can secretly change. It helps companies know exactly where their products came from, where they are now, and where they're going. This technology makes it harder for counterfeit products to enter the supply chain and helps prove that products are authentic. For example, when tracking food from farm to store, every step is recorded permanently, making it easier to find the source if there's a safety problem.
Implemented Blockchain solutions to track pharmaceutical products from manufacturer to pharmacy
Led team in developing Blockchain-based supply chain transparency system
Improved product traceability using Blockchain technology for international shipping operations
Typical job title: "Blockchain Supply Chain Specialists"
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Q: How would you implement a blockchain solution in an existing supply chain?
Expected Answer: Should explain the process of analyzing current supply chain processes, identifying pain points, selecting appropriate blockchain platforms, and managing the transition while ensuring minimal disruption to operations.
Q: How do you measure ROI for a blockchain implementation in supply chain?
Expected Answer: Should discuss metrics like reduced tracking time, improved accuracy, cost savings from fewer disputes, enhanced transparency, and faster problem resolution in the supply chain.
Q: What are the main benefits of using blockchain in supply chain management?
Expected Answer: Should explain practical benefits like better product tracking, reduced counterfeiting, faster problem identification, and improved trust between supply chain partners.
Q: How do you handle change management when implementing blockchain systems?
Expected Answer: Should discuss training staff, communicating benefits, managing resistance to change, and ensuring smooth transition from old to new systems.
Q: What is blockchain and how does it work in supply chain?
Expected Answer: Should explain in simple terms how blockchain creates permanent records of product movement and how this helps track items through the supply chain.
Q: What are some common supply chain problems that blockchain can solve?
Expected Answer: Should mention issues like product authenticity verification, tracking shipments, maintaining temperature records for sensitive goods, and documenting product origins.