Blockchain technology is enhancing supply chain transparency by providing an immutable and decentralized ledger for recording every transaction and movement of goods. This enables all stakeholders, from manufacturers to consumers, to trace the origin, journey, and handling of products in real-time. By ensuring that data is accurate, secure, and easily accessible, blockchain helps in reducing fraud, ensuring compliance with regulations, and promoting ethical sourcing. For instance, in the food industry, blockchain can track produce from farm to table, ensuring freshness and safety, while in the luxury goods sector, it can authenticate the provenance of high-value items, protecting against counterfeits. 0 reply
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