The Rise of Blockchain in Supply Chain Management
Blockchain technology is gaining momentum in supply chain management due to its ability to enhance transparency, traceability, and security. It provides real-time visibility, improves traceability, enables secure data sharing, automates processes through smart contracts, reduces counterfeit products, and facilitates efficient supply chain financing. While challenges exist, the potential of blockchain to revolutionize supply chain management is promising. As businesses embrace this technology and address adoption hurdles, the industry can expect more efficient and reliable supply chains in the future.