Role of Blockchain In Supply Chain Transparency
Keywords:
Blockchain, Supply Chain Transparency, Decentralized Ledger, Traceability, Fraud PreventionAbstract
Supply chains are increasingly complex and globalized, necessitating advanced systems to ensure transparency, trust, and efficiency. Blockchain technology, with its decentralized, secure, and immutable ledger, offers a transformative solution to these challenges. This paper explores how blockchain can enhance supply chain transparency by providing traceability, preventing fraud, and fostering accountability. By examining key applications, case studies, and the challenges of implementation, the paper highlights blockchain's potential to revolutionize supply chain management. Despite its advantages, issues related to technological maturity, operational constraints, and regulatory compliance must be addressed for widespread adoption.
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