Meaning ● Blockchain Supply Chain, within the context of Small and Medium-sized Businesses (SMBs), signifies a technologically advanced, decentralized method of tracking products from origin to consumer, employing blockchain technology to enhance transparency, security, and efficiency. It presents an opportunity for SMBs to leverage automation, fostering business growth by mitigating fraud and streamlining operational processes. It serves as a tool for SMBs to implement enhanced traceability, authenticate product origin, and optimize inventory management, creating a competitive business advantage. ● Integrating blockchain can support SMBs in building trust with consumers through verifiable product histories, potentially unlocking new market opportunities by ensuring provenance and ethical sourcing. Furthermore, utilizing this technological framework assists in regulatory compliance and reporting, as well as minimizes errors associated with data input. The result is a more resilient, transparent, and efficient supply chain that allows the company to achieve operational excellence and improved stakeholder confidence.
