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Blockchain in Channel Management
The application of blockchain technology to track products and transactions across channels, enhancing transparency and trust.
Implications
Applied to manage and track the distribution and sales channels in real-time, ensuring accurate records and reducing disputes between partners.
Example
Example: A consumer electronics company uses blockchain to track the movement of products through different distributors, ensuring accurate revenue sharing.
Related Terms
Compared to traditional channel management systems, blockchain offers decentralized and tamper-proof records, enhancing trust among partners.
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