Open financial services bring value since they can collect data from many industries,
enhancing the overall quality of information that will be exhibited across the supply chain.
This feature improves data quality and lowers human error. Furthermore, because they
may be carried out in real-time, new technologies speed up services. By making payments
easier along the entire supply chain and cutting down on the time needed for each process,
this enhances the user and customer experience. Data sharing is essential for delivering
new services, but to safeguard the users of these new experiences, all service providers
must properly consider privacy concerns and the danger of cyber security.