In this video we are going to look at The potential of blockchain technology in the supply chain management Industry.
Blockchain can greatly improve supply chains by enabling faster and more cost-effective delivery of products, enhancing products' traceability, improving partner coordination, and facilitating access to financing. Manufacturers can track the origins of raw materials and finished products with blockchain; this information can be used to prevent fraud and ensure that products are delivered on time and in the correct condition.
The usage of blockchain in the supply chain has the potential to increase supply chain transparency and traceability and lower administrative expenses since new technologies are offering exciting chances for improvement across the supply chain.
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