What technology enhances the transparency of transactions in supply chains? 🔊
The technology that enhances the transparency of transactions in supply chains is often based on blockchain. This distributed ledger technology securely records every transaction in an immutable format, allowing all parties involved to access verified information. Blockchain enhances trust among stakeholders by providing an auditable and tamper-proof record of transactions. This transparency is essential in supply chains for ensuring accountability, tracking product origins, and mitigating issues related to fraud and inefficiencies.
Equestions.com Team – Verified by subject-matter experts