Traditional supply chain processes are often manual, disorganized, and inefficient. Blockchain technology can solve these problems, making processes faster, more streamlined, and more cost-effective.
Blockchain provides transparency and trust in supply chain management. Smart contracts reduce errors and delays by automating supply chain processes. They also play an active role in supply chain traceability and dispute resolution.
However, the adoption of blockchain and smart contracts faces challenges such as lack of standardization and regulatory uncertainty.
We welcome your comments to discuss how blockchain is used in the supply chain and its advantages.