An in-depth look at how applying blockchain will enhance current technologies and methods.
The market 2023 $20B per annum
The growth is mainly due to the increasing demand for supply chain management software fueled by supply chain disruptions caused by the pandemic.
The market is expected to grow to $29B in 2030. Source
Blockchain, is a game changer in the financial world but another area where it holds great promise is supply chain management. Blockchain can greatly improve supply chains by enabling faster and more cost-efficient delivery of products, enhancing products’ traceability, improving coordination between partners, and aiding access to financing. Source Harvard Business Review
Counterfeit products are a significant threat, especially for the semiconductor and pharmaceutical industries. In 2015, the counterfeit pharmaceutical drug market alone was worth 200 billion USD (Wall Street Journal 2015). Counterfeits do not adhere to quality standards and are not supported by any (genuine) inspection report or performance history. Komasu blockchain is designed to address these issues. Source