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Blockchain in Supply Chain Management

Journal: International Journal of Science and Research (IJSR) (Vol.10, No. 1)

Publication Date:

Authors : ;

Page : 833-834

Keywords : Blockchain SCM;

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This study focuses on impact of blockchain in having a sustainable supply chain. The aim of study is to define the use and concept of blockchain, focus on the existing parameters of blockchain that can help it in being more sustainable and study the possibilities of real time connect throughout supply chain with blockchain. As the modern need of customer arises, companies want to build a more sustainable business model and while every segment is being focused on, Blockchain provides a safe and secured method for supply chain management. With the complex algorithms it has been able to provide a secured methodology for transactions and the ever-changing algorithm is able to derive promises from supply chain management. As the preferences of consumers are changing, they want a product to reach faster and in a safer way, along with these factors the customers also want to keep an eye on the carbon footprint a particular brand is making, so the brands have to make sure they have a sustainable supply chain which can be achieved through blockchain technology.

Last modified: 2021-06-26 17:59:53