Blockchain Applications of SCM

Blockchain in supply chain management.

Blockchain is the most decentralized technology that enables different organizations and units to access different levels and records the provenance of a digital asset. It is a database that stores encrypted blocks of data then connects them to build a chronological single data source. It is the most promising and revolutionary technology that can impact the economic growth of the world. Currently, the supply chain is broken in different ways, and it has become more complex. The supply chain can use blockchain technology as the data may not always be available, visible, and trusted. Blockchain shares data through permissioned blockchain solutions. It can also increase the transparency, reliability, and integrity of the supply chain. It is very convenient to transfer funds anywhere in the world without using a traditional bank using blockchain technology. The records on the blockchain cannot be deleted or erased, which is one of the most prominent advantages of blockchain and increases the transparency of the supply chain. Blockchain has many applications in different supply chain industries and has become more globalized.

This book provides a comprehensive analysis of the impact of blockchain in supply chain management. It discusses blockchain and supply chain-related issues. This book explores blockchain with other technologies like IoT, big data, artificial intelligence, etc. the book analysis the application of blockchain in supply chain industries like food and beverages, trade finance, and auto retail industries. The book will be a valuable resource for students, academic scholars, and anyone interested in supply chain management.