Blockchain technology is a digital ledger that records transactions in a secure and transparent way.

Key Features of Blockchain Technology

• Distributed database managed by a network of computers
• Every transaction is verified and added to the ledger
• Each block in the chain is secured through cryptography

Supply Chain Management with Blockchain Technology

• Every transaction is recorded on the blockchain, creating a transparent and immutable record
• Consumers can track the origin and authenticity of a product, reducing the risk of fraud and increasing transparency
• Smart contracts can be used to automate supply chain processes, reducing the need for intermediaries and streamlining the supply chain

Overall, blockchain technology offers a secure and transparent way to manage supply chain operations, increasing efficiency, reducing costs, and improving customer trust.

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