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Tuesday, July 8, 2025

The Role of Cryptography in the Supply Chain and Procurement - EPS News

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Cryptography is the technology that powers online encryption, digital authentication, credit card processing, and online banking. Even if you’re not familiar with the technology, you likely rely on cryptography on a daily basis.
Now, with the rise of cryptocurrencies and blockchain technology, cryptography may become even more important in the supply chain.
In procurement and logistics, cryptography and blockchain technology could help to improve transparency and build trust between third parties.
New challenges in logistics and procurement
Transparency and trust are more important than ever for supply chain professionals. Customers want more information about the goods they buy, including where they come from and how they were transported. As the supply chain becomes more complex, establishing trust between parties responsible for different aspects of logistics can become more challenging.
At the same time, supply chain operations of all kinds face a range of emerging...



Read Full Story: https://epsnews.com/2022/05/31/utilizing-cryptography-in-supply-chain-and-pro...

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