Blockchain Enabled Supply Chain Management

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.