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What is Blockchain Enhancements in Supply Chain about?

Blockchain can be used to track materials, information, and financial flows throughout a supply chain. A product ledger stored on the blockchain would record key attributes of components like quality, quantity, and custody at different points in time. This level of visibility can enable procurement savings and better data analytics. While adoption challenges remain around scalability, regulations, and integration, blockchain technology promises to improve supply chain efficiency and deliver significant cost

Author

ameya

Language

EN