How can blockchain enhance security in supply chains?
Blockchain can enhance security by providing a transparent and immutable ledger for tracking products.
What are the benefits of using blockchain over traditional systems?
The benefits include increased transparency, reduced fraud, and improved traceability of products.
Can you give an example of a company using blockchain in their supply chain?
Sure! Walmart uses blockchain to track the origin of food products, improving safety and efficiency.
What challenges do companies face when implementing blockchain?
Challenges include integration with existing systems, scalability issues, and the need for industry standards.
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