Blockchain in Supply Chain

Blockchain in supply chain refers to a digital ledger technology that securely records and tracks transactions across multiple parties. Each transaction is recorded in a block and linked to previous blocks, creating a transparent and tamper-proof chain of information. This ensures that everyone involved—manufacturers, suppliers, distributors, and retailers—can access real-time data about products as they move through the supply chain. As a result, blockchain enhances traceability, reduces fraud, streamlines processes, and improves trust among stakeholders, ultimately leading to more efficient and reliable supply chains.