Open AccessBlockchain Enabled Supply Chain Management
Author(s) -
R. Anusha,
A. Angayarkanni,
R. Gavoury
Publication year - 2019
Publication title -
international journal of recent technology and engineering
Language(s) - English
Resource type - Journals
ISSN - 2277-3878
DOI - 10.35940/ijrte.d7875.118419
Subject(s) - blockchain , supply chain , section (typography) , supply chain management , business , service management , product (mathematics) , industrial organization , chain (unit) , supply chain risk management , demand chain , commerce , computer science , marketing , computer security , geometry , mathematics , advertising , physics , astronomy
Blockchain technology has the potential to create new avenues for Economic and Social systems. Blockchain enabled supply chain solutions have drastically proven to reduce cost and efficiency in supply chain industry. The complexity of Supply chain management which helps to create and distribute goods is very high. The supply chain spans over numerous stages with long time duration involving different geographical locations and large number of invoices and payments, people and entities based on the nature of the product involved. The blockchains are perceived to bring huge transformations in the current supply chain and logistics industry which are complex and transparent. This paper is organized as Section IIntroduction, Section II-Blockchain in Supply chain, Section IIIElements of Blockchain affecting Supply chain, Section IV-How Blockchain revolutionizes Supply chain, Section VResults,Section V1-Conclusion