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SUPPLY CHAIN AND BLOCKCHAIN: HOW DO THEY GO TOGETHER?
The supply chain consists of a complex network of suppliers, manufacturers, distributors, retailers, and consumers. Consequently, a product goes through multiple stages in its supply chain lifecycle. It gets transferred through hundreds of hands, from one geographical location into another. This entire activity may take months. The supply chain is tricky as it’s extremely difficult for customers or buyers to trace back the product’s origin. As a result, it becomes both intransparent and costly. READ MORE