Blockchain Technology: Enhancing Transparency and Reducing Fraud in Supply Chains
Blockchain technology has the potential to transform supply chain management by providing transparency, traceability, and security. By leveraging its decentralized and immutable nature, blockchain enables end-to-end visibility, reduces fraud and counterfeiting risks, and enhances trust and collaboration among supply chain participants. While challenges and adoption barriers exist, the benefits of blockchain in supply chains are undeniable, paving the way for a more transparent and secure future in global trade.