Blockchain's Role in Supply Chain Management

The application

of blockchain in supply chain management is gaining momentum due to its potential to increase transparency and efficiency. By recording every transaction on a secure and immutable ledger, stakeholders can trace the movement of products from origin to destination. This capability is particularly crucial in industries such as pharmaceuticals, where ensuring the authenticity and safety of medication is paramount. Blockchain technology can

• help eliminate counterfeits and provide real-time tracking, thus enhancing consumer trust and compliance with regulatory standards. As companies continue to adopt this technology, we can expect significant improvements in operational efficiencies and cost savings