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Demystifying the Power of Blockchain Technology in Supply Chain Management

Author

Listed:
  • Robin Singh Bhadoria

    (Department of Computer Science and Engineering, Birla Institute of Applied Sciences (BIAS), Bhimtal, India)

  • Neha Sharma

    (IPS College of Technology and Management, Gwalior, India)

  • Manish Kumar Pandey

    (Gurukula Kangri Vishwavidyalaya, Haridwar, India)

Abstract

Modern supply chain management systems have evolved into a complex and critical system. Thus, it has grown more interesting to verify the source of products and its visibility as it is moving through the supply chain network. The application of blockchain technology and Internet of Things (IoT) are likely to affect the supply chain management objectives such as cost, quality, speed, dependability, risk reduction, sustainability, and flexibility. This paper presented the concept of how blockchain technology and IoT can help to achieve supply chain objectives. This research focuses on the impact of blockchain on current and future supply chain management systems.

Suggested Citation

  • Robin Singh Bhadoria & Neha Sharma & Manish Kumar Pandey, 2020. "Demystifying the Power of Blockchain Technology in Supply Chain Management," International Journal of Applied Evolutionary Computation (IJAEC), IGI Global, vol. 11(4), pages 38-53, October.
    • Handle: RePEc:igg:jaec00:v:11:y:2020:i:4:p:38-53
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