Managing supply chains on a blockchain can solve several problems, including:
Lack of transparency: Supply chains can be complex and involve multiple parties, making it difficult to track products' movements from their origin to their final destination. Blockchain provides a transparent and immutable ledger, allowing all parties to have visibility into the supply chain.
Counterfeit products: Blockchain can help prevent the production and distribution of counterfeit products by creating a tamper-proof record of each product's journey through the supply chain. This can be done through the use of unique identifiers and smart contracts.
Inefficiencies: Blockchain can automate and streamline processes in the supply chain, reducing the time and costs associated with manual processes such as paperwork, data entry, and communication between parties.
Traceability: Blockchain can enable the tracing of products back to their origin, which can be useful in cases of product recalls or when ensuring compliance with regulations.
Trust: Blockchain provides a secure and tamper-proof ledger, creating trust between parties in the supply chain. This can be especially important when dealing with high-value or sensitive products
We couldn't implement push protocol in the given time
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Polygon
Polygon
Filecoin
Replit
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