Blockchain Technology Enhances Supply Chain Transparency and Efficiency
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A recent study by the MIT Industrial Performance Center highlights the transformative impact of blockchain technology on supply chain operations. By conducting a comparative analysis across various industries, the researchers found that blockchain integration significantly enhances transparency and efficiency, reducing fraud and errors by up to 30%. The methodology involved both qualitative and quantitative data collection, comparing supply chains with and without blockchain. This research underscores the potential for businesses to achieve cost savings and build trust among stakeholders by adopting blockchain technology.
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