Value Chain Transparency

Definition ∞ Value chain transparency refers to the clear and verifiable disclosure of information at each stage of a product’s or service’s journey. This extends from its origin to its final delivery. Blockchain technology offers a robust means to achieve this by providing immutable records of transactions and movements. This enhances accountability and trust among all participants. It allows for easy auditing of product provenance.
Context ∞ Businesses are increasingly adopting blockchain solutions to enhance value chain transparency, addressing consumer demand for ethical sourcing and supply chain accountability. This technology enables verifiable product authenticity in various industries, from luxury goods to agriculture. The push for greater transparency is a growing trend across global commerce.