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Blockchain technology provides secure and transparent tracking of goods and products , reducing the risk of fraud and errors

Top companies : Ethereum , IBM Blockchain , Cardano , Ripple , Avalanche , Chainalysis , Hyberledger Fabrik , Hyperledger Sawtooth , R3 Corda , Stellar

Blockchain is significantly changing how retailers and consumer-packaged-goods manufacturers run their supply chains . The need for secure transactions and the demand for ESG and sustainability transparency are driving how buyers relate to brands . Blockchain is meeting these needs by guaranteeing the provenance of goods , as well as the security of supply chain transactions .

Blockchain can significantly improve supply chain , which often lacks traceability and transparency . It provides a decentralised and secure database that records every transaction along the supply chain . Picture real-time tracking and traceability of products , with regularised updates on each stated leg of a journey .

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