Blockchains technology is being used to improve supply chains by introducing verifiability, immutability, and transparency to supply chain tracking.
Blockchains technology allows products to be verifiably tracked from source to destination, with each scan immutably stored and time stamped to the blockchain with these data points being available for anyone to view.
Using this technology to track products from the source to the consumer helps to increase consumer confidence and to combat the counterfeiting of products; providing consumer protection whilst also foster greater trust in business partnerships.