How does blockchain technology improve supply chain transparency? 🔊
Blockchain technology improves supply chain transparency by providing a decentralized and immutable ledger for tracking every transaction and movement of goods. Each transaction is recorded with a timestamp and linked to previous entries, creating a clear and verifiable history of products from origin to delivery. This transparency fosters trust among stakeholders, enhances accountability, and minimizes fraud. Additionally, it allows for real-time tracking, enabling swift responses to issues such as recalls or delays.
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