Blockchain Solutions for Supply Chain: Top 3 Use Case
Transparency and Security
Blockchain technology uses a distributed or decentralized network of computers or nodes to store and validate transactions, as opposed to traditional ledgers.
Tracking and Information Credibility
Customers can confidently authenticate where products came from, how they were manufactured, and how and where they were shipped throughout the supply chain.
Automating and settling payments through smart contracts is another innovative application of blockchain in supply chain management.
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