BLOCKCHAIN TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT: ENHANCING TRANSPARENCY, SECURITY, AND EFFICIENCY

Authors

  • Singh NP Professor, Department of Computer Science & Engineering, Acropolis Institute of Technology & Research, Indore (M.P.)
  • Khan S Assistant Professor, Department of Information Technology, Acropolis Institute of Technology & Research, Indore (M.P.)

Keywords:

Blockchain Technology;, Supply Chain Management (SCM), Transparency, Security

Abstract

Supply chain management (SCM) is a critical component of global commerce, involving the coordination of goods, information, and finances across a network of suppliers, manufacturers, and distributors. Traditional supply chain systems often suffer from inefficiencies, lack of transparency, and security vulnerabilities. Blockchain technology, with its decentralized and immutable ledger, offers a transformative approach to addressing these challenges. This paper explores the integration of blockchain technology into SCM, analyzing its potential to enhance transparency, security, and efficiency. Through case studies and simulation models, we evaluate the impact of blockchain on various supply chain operations, including tracking, verification, and payment processes. The findings suggest that while blockchain offers substantial benefits, its implementation requires careful consideration of scalability, cost, and integration with existing systems.

References

Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. Whitepaper.

Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World. Penguin.

Kamath, R. (2018). Food Traceability on Blockchain: Walmart's Pork and Mango Pilots with IBM. The Journal of the British Blockchain Association, 1(1), 3712.

Kshetri, N. (2018). 1 Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89.

Everledger. (2020). Blockchain for Diamond Supply Chains. [Online]. Available: www.everledger.io

Downloads

Published

2022-03-14

How to Cite

Singh, D. N. P., & Khan, S. (2022). BLOCKCHAIN TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT: ENHANCING TRANSPARENCY, SECURITY, AND EFFICIENCY. COMPUSOFT: An International Journal of Advanced Computer Technology, 11, 3987–3990. Retrieved from https://ijact.in/index.php/j/article/view/623

Issue

Section

Review Article

Similar Articles

<< < 14 15 16 17 18 19 20 21 22 23 > >> 

You may also start an advanced similarity search for this article.