Smart Contracts for Supply Chain Management using Blockchain

  • Unique Paper ID: 164364
  • Volume: 10
  • Issue: 12
  • PageNo: 933-944
  • Abstract:
  • In recent years, the integration of blockchain technology has brought about significant transformations across various industries, particularly in supply chain management. This report delves into the utilization of smart contracts within blockchain networks to streamline processes within supply chains. Smart contracts automate transactions based on predetermined terms, thereby mitigating inefficiencies and potential disputes. Leveraging the decentralized ledger of blockchain, transactions are securely recorded, fostering transparency and trust among stakeholders. The report explores innovative applications of smart contracts, such as tracking product origin and facilitating payments, ultimately enhancing traceability and operational efficiency. Through case studies, the report demonstrates the efficacy of smart contracts in addressing prevalent supply chain challenges, such as counterfeit products and payment delays. In summary, this research advocates for the wider adoption of blockchain technology in supply chain management, presenting a comprehensive framework to improve transparency and efficiency on a global scale.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{164364,
        author = {Aditya Sethi and Freya Makwana},
        title = {Smart Contracts for Supply Chain Management using Blockchain},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {10},
        number = {12},
        pages = {933-944},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=164364},
        abstract = {In recent years, the integration of blockchain technology has brought about significant transformations across various industries, particularly in supply chain management. This report delves into the utilization of smart contracts within blockchain networks to streamline processes within supply chains. Smart contracts automate transactions based on predetermined terms, thereby mitigating inefficiencies and potential disputes. Leveraging the decentralized ledger of blockchain, transactions are securely recorded, fostering transparency and trust among stakeholders. The report explores innovative applications of smart contracts, such as tracking product origin and facilitating payments, ultimately enhancing traceability and operational efficiency. Through case studies, the report demonstrates the efficacy of smart contracts in addressing prevalent supply chain challenges, such as counterfeit products and payment delays. In summary, this research advocates for the wider adoption of blockchain technology in supply chain management, presenting a comprehensive framework to improve transparency and efficiency on a global scale.},
        keywords = {Automation, Blockchain, Smart Contracts, Supply Chain Management, Transparency},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 12
  • PageNo: 933-944

Smart Contracts for Supply Chain Management using Blockchain

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