Blockchain technology has the potential to improve the transparency and security of product tracking and supply chain management in several ways.
Transparency: With #blockchain technology in Innovation99, every transaction and data point in the supply chain can be recorded and tracked in a #decentralized, #tamper-proof way. This provides greater transparency into the movement of goods, the status of inventory, and the actions of stakeholders throughout the supply chain.
Traceability: Blockchain can enable end-to-end traceability of products from the point of origin to the point of consumption. This can help identify any issues or bottlenecks in the supply chain, such as delays, quality issues, or counterfeiting.
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