Benefits of Blockchain in the Supply Chain
Transparency: Blockchain provides real-time visibility into the movement of goods and transactions, reducing fraud and errors.
Security: Information is cryptographically secured, making it difficult for unauthorized parties to alter or manipulate data.
Traceability: Each product or item can be traced back to its origin, which is essential for recalls and quality control.
Efficiency: Smart contracts automate processes, reducing paperwork and human intervention, thereby speeding up transactions and reducing costs.
Follow us for more - https://www.youtube.com/watch?v=aOP3CL-T1NA
Like
Comment
Share
