Supply Chain Compliance

Definition ∞ Supply chain compliance refers to adhering to all relevant laws, regulations, and ethical standards throughout the entire process of producing and distributing goods. In the digital asset space, blockchain technology is increasingly utilized to provide verifiable records of compliance at each stage of the supply chain. This ensures transparency, accountability, and adherence to environmental, social, and governance criteria. It helps mitigate risks associated with regulatory infractions.
Context ∞ Supply chain compliance is a critical and evolving area, driven by increasing consumer demand for ethical products and stricter international regulations. Debates often involve the challenges of integrating disparate systems and establishing universal data standards for blockchain-based compliance solutions. The aim is to create transparent and auditable supply chains that meet global requirements.