EMERGING OF BLOCKCHAIN TECHNOLOGY IN BUSINESS INDUSTRY
Author(s):
VARADHA PALLY VINAY REDDY
ISSN:
2349-6002
Cite This Article:
EMERGING OF BLOCKCHAIN TECHNOLOGY IN BUSINESS INDUSTRYInternational Journal of Innovative Research in Technology(www.ijirt.org) ,ISSN: 2349-6002 ,Volume 6 ,Issue 6 ,Page(s):227-230 ,November 2019 ,Available :IJIRT148819_PAPER.pdf
Keywords:
Supply chain, Blockchain, Business Transparency, Network effects and Scalability.
Abstract
Blockchain technology is emerging in every area. Blockchain is a constantly growing ledger in which every block in the network are connected with cryptographic hash of the previous blocks with distributed, decentralized and immutable properties. Supply Chain Management is collection of activities, organizations, suppliers etc, which maintain the flow of information about the products from its initial stages to until it reaches the consumer. With the implementation of blockchain technology in business area in the form of supply chain management it provides data transparency, traceability, reliability across the network. The paper discusses different case studies in which business company are implemented and produced efficacious results. And it also shows how blockchain helps in overcoming fraudulent cases. The paper shows applications of blockchain and how its implemented in supply chain which provides transparency, immutability and distributed properties.
Article Details
Unique Paper ID: 148819

Publication Volume & Issue: Volume 6, Issue 6

Page(s): 227 - 230
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Last Date 25 December 2019


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