- Blockchain's potential in supply chain management
- Latest trends and innovations in 2024
Blockchain's potential in supply chain management
Blockchain technology offers transparency, traceability, and security in supply chain management. It enables real-time tracking of products, reduces fraud and counterfeiting, and streamlines processes through smart contracts.
Latest trends and innovations in 2024
In 2024, the use of blockchain in supply chain management is expected to expand further, with an emphasis on interoperability between different blockchain platforms, integration with IoT devices for enhanced data collection, and the development of industry-specific solutions tailored to the unique needs of various supply chains. Additionally, the use of blockchain for sustainability and ethical sourcing initiatives is likely to gain traction.