What are the benefits of using blockchain in supply chain management?
An example of an AI chatbot conversation about the benefits of blockchain in supply chain management.
What are the benefits of using blockchain in supply chain management?
Blockchain enhances transparency, traceability, and efficiency in supply chains, reducing fraud and errors.
Can you explain how transparency is improved?
With blockchain, all transactions are recorded on a public ledger, allowing all parties to access real-time data.
What about traceability? How does that work?
Traceability is improved as each product's journey is documented on the blockchain, making it easy to track origins.
Are there any real-world examples of this in action?
Yes, companies like Walmart and IBM are using blockchain to track food products, ensuring safety and quality.
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