
Metin๐พ๐ฎ๐ง๐๐ฉ
@metin13
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Web3 could fix the lack of transparency in global trade, particularly in supply chain management. Opaque systems hide inefficiencies, fraud, and unethical practices like forced labor or environmental violations. Blockchain-based ledgers can provide immutable, real-time tracking of goods, ensuring all partiesโproducers, regulators, consumersโsee the same data. This reduces disputes, cuts costs from middlemen, and builds trust. Itโs a dealbreaker because opacity erodes confidence, inflates prices, and lets bad actors thrive, costing the global economy billions annuallyโ$1.6 trillion in trade finance gaps alone, per WTO estimates. Transparent systems would streamline processes and democratize access to fair trade. 0 reply
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