Article • over 3 years ago
Exploring the Potential of Blockchain for Retail Supply Chain Management
Summary
- Blockchain technology stores information across multiple computers, making it virtually impossible to erase data and providing a permanent record for retail supply chain managers.
- The transparency of blockchain builds trust among supply chain players and satisfies consumer demands for knowing the origin and conditions of goods.
- Blockchain enables advanced anti-counterfeiting measures and facilitates standardized payments through cryptocurrencies, eliminating the need for currency exchange and banking fees.
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