World is facing a severe challenge of counterfeit goods, which has economic and social effects and negatively impacts the brand name. But we can easily solve this issue by adopting Blockchain technology to track the movement of original products throughout the downstream supply chain.
Blockchain can improve supply chain management to make it more streamlined and effective, improving overall performance and customer satisfaction.
A decentralized ledger in the blockchain ecosystem allows for enhanced transparency, accountability and efficiency reducing counterfeiting by monitoring the supply chain.