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Torres
@jackvv
Blockchain technology can significantly enhance the efficiency and transparency of supply chain finance. By providing a decentralized, immutable ledger, blockchain ensures secure, real-time tracking of transactions and goods, reducing fraud and errors. Smart contracts automate processes like payments and compliance, minimizing delays and costs. Transparency is improved as all stakeholders access a single source of truth, fostering trust and collaboration. Data integrity eliminates disputes over documentation, while streamlined operations cut processing times. Additionally, blockchain enables better risk assessment by providing verifiable data, attracting more financing options. Overall, it transforms supply chain finance by optimizing workflows and ensuring accountability.
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