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HomeHow Blockchain and IoT are Improving Transparency in Ready-Mix Concrete Supply Chains.-.md

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Welcome to the Wiki.According to Persistence Market Research's projections, The [global ready-mix concrete (RMC) market ]([url](https://www.persistencemarketresearch.com/market-research/ready-mix-concrete-market.asp))is experiencing significant growth, with projections indicating a rise from US$ 538.9 billion in 2024 to approximately US$ 758.3 billion by the end of 2031, expanding at a compound annual growth rate (CAGR) of 5% during this period. This surge is driven by increasing urbanization and infrastructure development worldwide. However, the RMC supply chain faces challenges related to transparency, traceability, and quality control. To address these issues, integrating Blockchain and Internet of Things (IoT) technologies offers promising solutions.
According to Persistence Market Research's projections, The global ready-mix concrete (RMC) market is experiencing significant growth, with projections indicating a rise from US$ 538.9 billion in 2024 to approximately US$ 758.3 billion by the end of 2031, expanding at a compound annual growth rate (CAGR) of 5% during this period. This surge is driven by increasing urbanization and infrastructure development worldwide. However, the RMC supply chain faces challenges related to transparency, traceability, and quality control. To address these issues, integrating Blockchain and Internet of Things (IoT) technologies offers promising solutions.
Challenges in the Ready-Mix Concrete Supply Chain
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Smart Contracts: These self-executing contracts with predefined rules can automate processes such as compliance checks and payments, reducing the need for intermediaries.
A study published in Advances in Manufacturing proposes a Blockchain-IPFS (InterPlanetary File System)-enabled information management platform to improve transparency, traceability, and effectiveness in RMC quality management. This platform addresses issues like poor traceability and information tampering by providing a secure and transparent system for recording quality-related data.
Read More : https://www.persistencemarketresearch.com/market-research/ready-mix-concrete-market.asp
IoT Integration for Real-Time Monitoring
The Internet of Things (IoT) involves embedding sensors and devices into physical objects to collect and transmit data. In the RMC supply chain, IoT devices can monitor various parameters: