Frequently Asked Questions
Blockchain in supply chain management is a decentralized, digital ledger that records all transactions and movements of goods across the supply chain, making data secure, transparent, and verifiable.
By maintaining an immutable record of every product movement, blockchain allows stakeholders to track items in real time, verify authenticity, and ensure accountability throughout the supply chain.
Smart contracts are self-executing programs on the blockchain that automatically trigger actions, like payments or compliance checks, when predefined conditions are met. They reduce manual work and prevent disputes.
Yes. Blockchain can integrate with IoT and RFID devices to monitor temperature, humidity, and location for perishable items, ensuring safety, quality, and compliance during transport.
Blockchain records the entire lifecycle of a product, from raw materials to final delivery. This ensures provenance is verifiable, reduces counterfeiting, and improves consumer trust.
