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Blockchain technology has gained considerable momentum in recent years, with cryptocurrency being its most widely recognized use case. However, blockchain has many other applications, such as supply chain optimization, which is becoming increasingly important in light of the disruptions caused by the COVID-19 pandemic. Almost 90% of enterprise leaders are looking into blockchain technology, and more than a third aim to use it in their supply chains. Blockchain’s visibility and immutability make it the ideal solution for tracking shipments throughout the supply chain, but only 21% of supply chain leaders report having good visibility.
