Blockchain Technology for Secure Supply-chain Management

Authors: Sameer Wankhede, Gauri Kandekar, Rasika Waghchoure, Sejal Wale, Shital Bedse

Country: India

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Abstract: Block-chain for Supply Chain is a natural combination of two technologies designed for transactions with a shared or common ledge. Often cross-corporation, a supply chain represents a flow of goods and is frequently cross-border. Managing all of the data on a single trusted chain that is updated and retrieved by many participates is a significant endeavor and the course describes how enterprises are adopting Block-chain for this us. Small retailers don’t have any organization structure for stock or any such system they need to do genuinely which changes over adversities at the day end as they can’t fulfill the end-customers demand on schedule. This System will in like manner get the vast majority of distribute on this stage which will help the retailers with growing their business and advantages and which will similarly help the end customer at the day end. Stock administration and inventory network the board are the foundation of any business activities. With the advancement of innovation and accessibility of cycle driven programming applications, stock administration has gone through progressive changes. In any business or association, all capacities are interlinked and associated with one another and are frequently covering. Some key viewpoints like production network the executives, co ordinations and stock structure the foundation of the business conveyance work. Subsequently these capacities are critical to advertising directors just as money regulators. Stock is consistently unique. Stock administration requires steady and cautious assessment of outside and inside elements and control through arranging and audit. The vast majority of the associations have a different division or occupation work called stock organizers who consistently screen, control and audit stock and interface with creation, acquisition and money offices.

Keywords: Block-chain, Encryption, Retailers, Wholesalers

Paper Id: 230178

Published On: 2023-05-27

Published In: Volume 11, Issue 3, May-June 2023

Cite This: Blockchain Technology for Secure Supply-chain Management - Sameer Wankhede, Gauri Kandekar, Rasika Waghchoure, Sejal Wale, Shital Bedse - IJIRMPS Volume 11, Issue 3, May-June 2023.

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