For instance, you can take the example of the wood industry, which supplies wood materials for construction projects or wooden products worldwide. They track the trees collected and delivered, as well as focus on sustainable resource management systems to ensure benefits for current and future generations.
Generally, global supply chains that involve multiple parties and hand-offs use the power of blockchain to handle complexities and potential threats, like – product diversion, unauthorized introductions, counterfeiting, spoilage, grey market distribution, etc.
With a robust chain of custody documentation, a company can make deliveries faster, limit the disruption to the customer, save money and maintain the brand’s reputation.