What technology is often used for supply chain transparency? 🔊
A widely used technology for supply chain transparency is blockchain. This decentralized ledger technology allows for secure and immutable recording of transactions, thereby enhancing visibility across the supply chain. By providing a complete and transparent audit trail, blockchain facilitates trust among participants and helps in tracking the origin and movement of goods. Other technologies contributing to transparency include Internet of Things (IoT) sensors and RFID tags, which enable real-time monitoring of inventory and shipments.
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