This report provides a comprehensive overview of blockchain technology, its history, and its potential applications in procurement and supply chain management. The report begins by dispelling common misconceptions about blockchain and clarifying what it is and what it is not. It then traces the history of blockchain back to its origins in the early 1990s and highlights the pivotal role that the Bitcoin blockchain network played in popularizing the technology. The report goes on to explore the potential benefits that blockchain could offer to procurement and supply chain teams, both in the short and long term. Overall, the report provides a balanced and informative perspective on blockchain, helping readers to better understand its promise, progress, and hype.
