Innovations in blockchain will enable greater supply chain efficiency, reports BBN Times. Up until now blockchain has only greatly impacted cryptocurrency, but it is now set to revolutionize the supply chain.

According to Multichannel Merchant, UPS has filed a patent for a new blockchain technology. This tech will help UPS efficiently track and manage packages shipped within its network as well as those handed off to other carriers worldwide.

According to Supply Chain Dive, companies still use Excel spreadsheets as part of the their supply chain management tool.  A survey by Adelante finds that 68 percent of companies still use Excel for supply chain management.