Study of Blockchain for Supply Chain Management

Abstract

Abstract: The market has seen significant change in recent years and has become more demanding and dynamic, creating a competitive atmosphere. The supply chain, which is heavily dependent on cooperation, integration, and flexibility, plays a significant part in helping the organization adapt to the changing environment. several business owners are interested in supply chain applications, and several specialized applications are used to better control the flow of the supply chain. Block chain technology has become one of the most significant new applications in the supply chain and has attracted the attention of many business owners due to its ability to be quickly adjusted to changing business environments and market conditions.One upon reading this will get to know about the effect of block chain technology utilization on this field.According to the study's findings, businesses should invest in block chain technology to make their supply chains more open, adaptable, and safe. There is no denying that block chain technology has a significant impact on building trust with supply chain stakeholders. The research paper also discussed several potential uses for the blockchain in the fields of collaboration and integration, as well as some positive implications.