What is Blockchain Supply Chain?
Blockchain Supply Chain harnesses blockchain technology to create transparent, secure, and traceable supply chain processes in manufacturing. By storing data immutably, it ensures reliable tracking of materials, transactions, and origins, enhancing accountability.
Why is it important?
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Transparency: Complete visibility of material flows and sources.
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Security: Safeguards against data manipulation and fraud.
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Efficiency: Streamlined processes via automated smart contracts.
Applications
Blockchain Supply Chain is critical in the food and pharmaceutical industries for traceability. In pharma, it tracks drug ingredients to ensure compliance with regulations like GMP. In food manufacturing, it verifies the origin of raw materials, boosting safety and trust. Future trends include AI-powered supply chain analytics, IoT for real-time monitoring, and scalable blockchain platforms, driving efficiency and transparency in global manufacturing networks.
