Question

What is a blockchain-based supply chain?

Answer 1

A blockchain-based supply chain is a system that utilizes blockchain technology to track the flow of goods, information, and transactions along a supply chain network. By using a decentralized and transparent ledger system, blockchain enables secure and immutable recording of data related to each step in the supply chain process, enhancing traceability, transparency, and efficiency. This technology helps to eliminate fraud, reduce errors, and streamline operations within the supply chain ecosystem.

Answer 2

A blockchain-based supply chain is a system that utilizes blockchain technology to track and manage the flow of goods, services, and information along the supply chain. This technology allows for enhanced transparency, security, and efficiency by creating an immutable ledger of transactions that can be accessed and verified by all parties involved in the supply chain.