Implementing blockchain to ensure product authenticity and traceability.
Role | Deep Tech Used | Impact Vector | Industry | Impact Vector %Benefit |
---|---|---|---|---|
COO | Blockchain Technology | Risk | Retail & eCommerce | 33% |
Implementing blockchain for product authenticity and traceability creates an immutable ledger of product-related information from manufacturing to the end consumer. This technology verifies the authenticity of products, reduces counterfeiting, and allows consumers to trace a product’s journey and origin. Blockchain enhances supply chain transparency and trust, ensuring that consumers receive genuine, high-quality products while also enabling businesses to track and manage their products more effectively.
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