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Understanding Blockchain Technology:

Blockchain is a decentralized and distributed ledger that records transactions across a network of computers securely and transparently. The fundamental concept revolves around creating a chain of blocks, each containing a list of transactions. These blocks are linked and secured using cryptographic hashes, making the data resistant to tampering and fraud.

Benefits of Blockchain Technology in B2B Retail

  • Improved supply chain management
  • Improved efficiency
  • Enhanced Transparency
  • Smart Contracts for Efficient Transactions
  • Improved Security
  • Enhanced Data Quality

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