Blockchain technology has the potential to revolutionize supply chain management by increasing transparency, traceability, and security throughout the entire supply chain network. Blockchain is a decentralized and immutable digital ledger that records transactions or data in a transparent and secure manner. When applied to supply chain management, it can address challenges related to fraud, counterfeiting, data inaccuracies, and lack of visibility.

Transparency

Blockchain provides a shared and transparent record of all transactions and events in the supply chain, visible to all participants. This transparency reduces disputes, enhances trust, and ensures accountability.

Cost and Efficiency Improvements

The cost of solar panels and associated equipment has significantly decreased over the years, making solar energy more accessible and economically viable. Technological advancements have also improved the efficiency of solar panels, allowing them to convert a higher percentage of sunlight into electricity.