Application of Smart Contract in Supply Chain
In recent years, the integration of smart contracts into supply chain management has garnered significant attention due to their potential to enhance efficiency, transparency, and reliability. This study explores the application of smart contracts within supply chains, focusing on their impact on inventory management, process optimization, and overall operational effectiveness. Through a comprehensive analysis of existing literature and case studies, we identify key benefits and challenges associated with implementing smart contracts in supply chain contexts. Our findings suggest that while smart contracts offer substantial improvements in automating processes and reducing errors, considerations regarding technological infrastructure and stakeholder readiness remain critical for successful adoption.
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