The Impact of Blockchain Technology and Business Intelligence on the Supply Chain Performance-Based Tracking Process

The holy grail of business intelligence is to gather and produce just-in-time data, combine it with current data assets, channel it through on-demand modeling to identify critical operational and strategic activities, and immediately distribute valuable information across the organization. Since blockchain provides users with a mechanism to track the data that are stored in its encrypted ledger-based database, which is already more secure than any centralized database now in use, business intelligence can tremendously benefit from it. Not only does Blockchain improves the traceability, transparency, and trust of data shared throughout a shared network. However, it also brings cost savings through new efficiencies. In this article, we illustrate how integrating blockchain with business intelligence may enhance the performance of the supply chain, which requires gathering various sorts of data from various resources for their process by making real-time data analytics available. On the other hand, we discuss how customers can profit from tracking information to ensure that their items have not been tampered with.