How does blockchain technology enhance supply chain transparency? 🔊
Blockchain technology enhances supply chain transparency by providing a decentralized, immutable ledger that records every transaction and movement of goods. This transparency allows all participants in the supply chain—manufacturers, suppliers, and consumers—to access real-time information, improving trust and accountability. With blockchain, organizations can track origins, verify authenticity, and ensure compliance with regulations throughout the supply chain. This technology helps mitigate fraud, reduce disputes, and streamline processes, ultimately leading to greater efficiency and reliability within supply chain operations.
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