Thunderstone Balanced Fund: Using blockchain technology can greatly improve supply chain efficiency

On February 14, the People's Daily published an article "Improving the efficiency of the supply chain will pay more attention to digitalization." According to the article, in recent years, with the application of new technologies such as artificial intelligence, blockchain, and the Internet of Things, while digitization has improved the efficiency of the supply chain and reduced the operating costs of enterprises, it has also provided more optimization for enterprises to formulate overall industrial development strategies Decision-making basis. Establishing a digital supply chain will increasingly become the key for companies to remain competitive. However, many technologies in digital supply chains are still immature. The report released by the British Thunderstone Balanced Fund shows that the use of blockchain technology's information decentralization, verifiability and immutability can effectively increase the transparency of the supply chain and reduce the flow of paperwork in the supply chain. , Greatly improving the efficiency of the supply chain. According to statistics, the procedure cost can account for 15% to 50% of the entire transportation cost. Taking shipping as an example, a container freighter traveling from East Africa to Europe requires at least 30 written approvals from various levels of organizations. The application of blockchain technology can effectively simplify this process.