Definition ∞ Inventory tracking is the process of monitoring the movement and status of goods throughout a supply chain. This activity involves recording the quantity, location, and condition of items from their origin to their final destination, providing real-time visibility into stock levels. It aids in managing supply, demand, and logistical operations efficiently. Accurate inventory tracking helps businesses optimize costs, prevent losses, and improve delivery times.
Context ∞ Blockchain technology offers a transformative solution for inventory tracking by providing an immutable and transparent record of every product movement. This enhances supply chain visibility, reduces fraud, and enables verifiable proof of origin for goods. Discussions often center on the interoperability of different blockchain systems for tracking and the adoption challenges for various industries. Future applications could include tokenizing physical inventory for easier financing.
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