Organizations regularly have very little information about the history of a product, because the information is stored on the servers of the individual suppliers and thus cannot be viewed. Therefore, this is referred to as a “relationship of trust”. In this scenario, decentralized blockchain technology is now used for transparent supply chains.
On its basis, it is possible to store all information about a product and make it available to every person involved. This creates a “relationship of transparency” in the supply chain, which no longer requires the trust of the individual participants in a supply chain.