Role of Smart Contracts in a Sustainable Supply Chain
Smart contracts automate and streamline supply chain processes, enhancing efficiency and reducing errors.
By using smart contracts, companies can ensure transparency and traceability, essential for sustainable supply chains.
These contracts enable real-time tracking of goods, helping to monitor environmental impact and resource usage.
Smart contracts reduce the need for intermediaries, lowering costs and minimizing carbon footprints.
They enhance trust among supply chain partners by providing tamper-proof records of transactions and agreements.
Implementing smart contracts can drive compliance with sustainability standards and regulations across the supply chain.
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