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Research on Empowering Traditional Chinese Medicine Sales Supply Chain with Blockchain Technology

In: Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023)

Author

Listed:
  • Xuehua Cheng

    (Anhui Sanlian University, Employment and Entrepreneurship Department)

  • Xiaofeng Cao

    (Anhui Sanlian University, Employment and Entrepreneurship Department)

Abstract

The current sales of traditional Chinese medicine face a series of problems such as lack of trust between trading parties, low logistics and distribution efficiency, and difficulties in financing for small and medium-sized enterprises (SMEs). To address these issues, the research team conducted a study on empowering the traditional Chinese medicine sales supply chain with blockchain technology. Based on the characteristics of blockchain technology, the research team conducted systematic research on transaction security and trust, financing methods, logistics and distribution, and constructed a traditional Chinese medicine blockchain information platform. The results showed that empowering the traditional Chinese medicine sales supply chain with blockchain technology is an important guarantee in the implementation of rural revitalization. It can provide a safe and reliable platform for traditional Chinese medicine sales and effectively solve a series of problems. Therefore, the application of blockchain technology in the traditional Chinese medicine sales supply chain will provide important support and promotion for rural revitalization.

Suggested Citation

  • Xuehua Cheng & Xiaofeng Cao, 2024. "Research on Empowering Traditional Chinese Medicine Sales Supply Chain with Blockchain Technology," Advances in Economics, Business and Management Research, in: Suhaiza Hanim Binti Dato Mohamad Zailani & Kosga Yagapparaj & Norhayati Zakuan (ed.), Proceedings of the 2023 4th International Conference on Management Science and Engineering Management (ICMSEM 2023), pages 1028-1037, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-256-9_101
    DOI: 10.2991/978-94-6463-256-9_101
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