The advent of blockchain technology has prompted a renewed focus on transparency across different sectors. One area where this technology promises game-changing benefits is in enhancing supply chain transparency. This article delves into the role of blockchain in revolutionizing transparency and traceability in the supply chain system.

Understanding Blockchain’s Role in Supply Chains

Blockchain, at its core, is a decentralized distributed ledger that records transactions across many devices so that any recorded block cannot be altered retroactively. The application of this technology in modern supply chains has brought about transformative benefits, significantly enhancing supply chain transparency and supply chain management. read more