Blockchain Enabled Supply Chain Management
R. Anusha1, A. Angayarkanni2, R.Gavoury3
1R.Anusha, Asst. professor in Department of Computer Science, MOP Vaishnav College for Women, Chennai.
2A.Angayarkanni, Associate professor at Department of Computer Science, MOP Vaishnav College for Women, Chennai.
3R. Gavoury, Associate Professor & Head, M.Sc(IT) at Department of Computer Science, MOP Vaishnav College for Women, Chennai.
Manuscript received on November 6, 2019. | Revised Manuscript received on November 20, 2019. | Manuscript published on 30 November, 2019. | PP: 4131-4134 | Volume-8 Issue-4, November 2019. | Retrieval Number: D7875118419/2019©BEIESP | DOI: 10.35940/ijrte.D7875.118419
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: 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 I-Introduction, Section II-Blockchain in Supply chain, Section III-Elements of Blockchain affecting Supply chain, Section IV-How Blockchain revolutionizes Supply chain, Section V-Results, Section V1-Conclusion.
Keywords: Blockchain, Supply chain Management.
Scope of the Article: Block Chain-Enabled IoT Device and Data Security and Privacy.