He Baohong of China Information and Communication Technology Academy: Blockchain can significantly improve the efficiency of the supply chain

He Baohong, director of the Institute of Cloud Computing and Big Data at the China Academy of Information and Communication Technology, said that blockchain will be increasingly used in the real economy, especially in the manufacturing supply chain. The current supply chain information interaction and verification mechanism has affected the efficiency of the manufacturing industry to a certain extent, driving up costs, and the blockchain can significantly improve the efficiency of the supply chain. The supply chain is typical (scenario). Through the blockchain, some contracts, logistics, import and export, etc., can be seen by upstream and downstream, relevant parties can see that this is true, will improve credibility, and accelerate the flow of goods and funds.