Application of Blockchain in Supply Chain Management

Author(s)	Sandip Kumar Singh Modak
Country	India
Abstract	In the rapidly evolving environment of the international supply chain, the traditional network of manufacturers and suppliers has grown into a vast ecosystem made of various products that move through multiple parties and require cooperation among stakeholders. Additionally, the demand for improved product visibility and source-to-store traceability has never been higher. However, traditional data sharing procedures in today’s supply chain are inefficient, costly, and unadaptable as compared to new and innovative technology. Blockchain technology has shown promising results for improving supply chain networks in recent applications and has already impacted our society and lifestyle by reshaping many business and industry processes. In an effort to understand the integration of blockchain technology in the supply chain, the proposed work consists of novel approach to improve the traceability in supply chain through the blockchain technology.
Keywords	Blockchain, Supply Chain, Traceability.
Field	Computer Applications
Published In	Volume 5, Issue 2, March-April 2023
Published On	2023-04-08
Cite This	Application of Blockchain in Supply Chain Management - Sandip Kumar Singh Modak - IJFMR Volume 5, Issue 2, March-April 2023. DOI 10.36948/ijfmr.2023.v05i02.2216
DOI	https://doi.org/10.36948/ijfmr.2023.v05i02.2216
Short DOI	https://doi.org/gr4k32

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International Journal For Multidisciplinary Research