Blockchain technology, which uses smart contracts to automate the process of storing data in a digital format that is extremely difficult to tamper with, can be used in supply chains. If blockchain technology were used in supply chain activities such as supply chain transactions, the need for middlemen for transaction validations or agreements would be eliminated. Additionally, blockchain technology synchronises all transaction data across networks, enabling each participant to validate the work of others. By automating supply chain transactions and encouraging direct relationships between stakeholders, it eliminates the need for middlemen. The additional advantage of blockchain technology is that, even when dealing with a large number of transactions and associated data, each transaction can be reliably traced back to its source.Dunitech Soft Solutions Pvt Ltd, a leading Blockchain in Supply Chain Development company in Lucknow, offers Blockchain in Supply Chain services. Contact:+91-8858915711.contact@dunitech.com.
application of enterprise blockchain in supply chain
dunitech October 4, 2023Software
blockchain in supply chain market
https://www.dunitech.com/Blockchain-in-supply-chain.aspx