What is the benefit of using blockchain for supply chain visibility? 🔊
The benefit of using blockchain for supply chain visibility lies in its ability to provide transparency and traceability for products. Each transaction is recorded in a secure, distributed ledger that can be accessed by all parties involved, ensuring data integrity. This technology helps companies monitor the movement of goods in real-time, enhances accountability, reduces fraud, and increases trust among stakeholders, leading to improved operational efficiency.
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