Ellen Britt for CNT #NFT
In our last article in this series, we took a look at the protection of intellectual property and patents. Today, we’ll examine number three on our list, supply chain transparency.
Before the pandemic, the general public paid little attention to the idea of supply chains. But now, even your average Joe and Jane know just how important they are.
Houston, We Have A Problem!
In particular, there is a huge problem with being able to verify where a product came from, exactly what is in it, and so forth. This is especially true in the food industry.
But this problem can be solved by using an NFT which is attached to the product. This gives that product a unique NFT identifier that cannot be corrupted, either unintentionally or intentionally.
Customers Love Transparency
NFTs can also provide companies with the ability to track each and every one of their products all the way from manufacturing to shipping and then delivery. One of the many benefits of this transparency is that it shows customers where their money is being spent and lets them see into the supply chain.
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