Emerging of Block chain Technology in Business Industry
Author(s):
Varadha Pally Vinay Reddy
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 companies 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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