Blockchain can improve supply chain management from "summary" of Blockchain Revolution by Don Tapscott,Alex Tapscott
Blockchain technology has the potential to revolutionize the way supply chains are managed. Traditionally, supply chains are complex networks involving multiple parties, each with their own systems and databases. This lack of transparency can lead to inefficiencies, errors, and even fraud. By using blockchain, all parties in the supply chain can have access to a single, immutable ledger that records every transaction in real-time. This transparency ensures that everyone is on the same page, reducing the risk of disputes and delays. Moreover, blockchain can enhance the traceability of products throughout the supply chain. With blockchain, each product can be assigned a unique digital identifier that is recorded on the blockchain. This allows for the tracking of a product's journey from its origin to its final destination. In the case of a recall, this level of traceability can help pinpoint the e...
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