What is the role of blockchain in supply chain management?
An example of an AI chatbot conversation about the role of blockchain in supply chain management.
What is the role of blockchain in supply chain management?
Blockchain enhances transparency, traceability, and security in supply chains by providing a decentralized ledger.
Can you explain how it improves traceability?
Sure! Blockchain allows every transaction to be recorded in real-time, making it easy to track the origin and journey of products.
What are some real-world examples of this technology in use?
Companies like Walmart and IBM are using blockchain to track food products, ensuring safety and reducing waste.
Are there any challenges in implementing blockchain in supply chains?
Yes, challenges include integration with existing systems, scalability issues, and the need for industry-wide standards.
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