Blockchain technology is a structure that stores transactional records in what is also known as the block, in several databases, known as the “chain”, in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger’.

Blockchains increase the overall efficiency of supply chains. It provides accurate identification of the location of items on the supply chain. It thus removes the need for paper-based trails. It helps prevent losses and monitors the quality of products while in production

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