Supply chains are complex, global networks often plagued by inefficiencies, fraud, and lack of transparency. Blockchain offers a solution by creating a decentralized ledger that records every transaction and movement of goods.
From farm to fork, blockchain can track food items, ensuring freshness and safety. In fashion, it can verify the ethical sourcing of materials. For electronics, it can trace components to prevent counterfeit parts.
Smart contracts automate processes like payments and customs clearance, reducing delays and paperwork. Stakeholders—from manufacturers to consumers—can access real-time data, building trust and accountability.
Companies like IBM and Maersk are already deploying blockchain to streamline logistics. However, scalability and interoperability remain hurdles.
Still, the promise is clear: blockchain can transform supply chains into transparent, efficient ecosystems where every product tells its story
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