Blockchain in Supply Chain Explained
The Impact of Blockchain Technology on Supply Chain ManagementBlockchain technology has revolutionized the way supply chains are managed, providing a secure and transparent way to track transactions and goods as they move through the supply chain. One of the key impacts of blockchain technology on supply chain management is its ability to enhance trust and accountability among all parties involved in the process. By creating an immutable ledger of transactions, blockchain technology helps to reduce the risk of fraud and error, while also increasing efficiency and transparency.
Blockchain technology also offers real-time tracking and visibility into the movement of goods along the supply chain, allowing for better inventory management and more accurate forecasting. This increased visibili...