Maintain A Digital Ledger Of Transactions
Blockchain is a relatively new technology. While we continue to explore its full potential, we can still use its versatile applications for a range of industries, including supply chains.
Gain Transparency and End-To-End Tracking
Blockchain enables transparency and accurate end-to-end tracking by creating a digital ledger of transactions.
Benefits of blockchain include:
centralized record of all transactions
ability to trace assets from production to delivery
provides visibility to both business and consumer
gives access to the same information to all parties
streamlines admin processes and reduces costs
Using blockchain technology ensures everyone has the same up-to-date information. This improves the traceability of products within a supply chain, increasing the information available to customers, and enhancing product knowledge and safety. And, since the ledger is maintained by a network of computers rather than in one centralized location, it's highly secure and nearly impossible to corrupt.