Introduction: The Transparency Crisis in Supply Chains Global supply chains are the backbone of commerce, yet they are riddled with challenges—fraud, inefficiency, lack of visibility, and counterfeit goods. According to PwC, more than $1.8 trillion is lost annually to supply chain inefficiencies worldwide . In 2025, businesses face growing consumer demand for transparency and trust. This is where blockchain development , decentralized ledgers, and smart contracts step in. By offering secure, tamper-proof data and automated agreements, they promise to reshape supply chain management into a transparent, efficient, and resilient ecosystem. image by Kaizen Global What Are Decentralized Ledgers and Smart Contracts? Decentralized Ledgers A decentralized ledger (DLT) is a distributed system where transaction data is stored across multiple nodes. Unlike traditional databases controlled by a single entity, DLT ensures no single point of failure, high transparency, and immutable rec...
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