Blockchain in Supply Chain Management
Blockchain is a decentralized distributed ledger technology that enables the information to be shared among peers in a network but prevents it from being tampered. Ever since it came into limelight after the advent of Bitcoin in 2009 by Satoshi Nakamoto – all the businesses around the world are trying to find ways as to how this technology can be put into their work. One of the key applications of blockchain technology is for supply chain management. From the food that is consumed daily to the clothes worn – all the products reach to the consumer from the manufacturer through the supply chain consisting of several other intermediate entities. Thereby, the details of the products on the chain must be prevented from being tampered and at the same time must be available to provide traceability. This chapter explains the blockchain in supply chain management across several domains.
|Essential Enterprise Blockchain Concepts and Applications
|Taylor & Francis Group