Supply chain management has witnessed a growing blockchain application in recent times. Zion Market Research says that by 2028, the market for blockchain technology in supply chain management will be worth more than $3.1 trillion, growing at a rate of 51.3% per year.
This technology could make it easier for retailers, wholesalers, and financial institutions to work together by speeding up product delivery, lowering costs, and making it easier to track products.
Blockchain is thought to have a revolutionary effect and could change how supply chain management systems work.
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