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Smart Contracts in Supply Chain Management: A Blockchain Perspective
Abstract: In recent years, blockchain technology has emerged as a transformative force capable of enhancing transparency, security, and efficiency across various industries. Supply chain management is one area where blockchain integration has a lot to offer. This paper explores the application of blockchain technology within supply chain systems, focusing on its potential to streamline operations, reduce fraud, and enhance traceability. By leveraging the decentralized and immutable nature of blockchain, stakeholders can …
Published in Recent Trends in Sensor Research & Technology · Vol. 11, Issue 2, 2024 · pp. 10–18 Read article
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Blockchain, Evolution, and Future Scope: An Overview
Abstract: A blockchain serves as a transparent and immutable record of transactions, offering unparalleled security and trust in a digital environment. Its decentralized nature ensures that no single authority has control over the network, fostering a level playing field for all participants. While cryptocurrencies such as Bitcoin have popularized blockchain technology, its potential extends far beyond digital currencies. In addition to financial transactions, blockchain can revolutionize various industries, including supply chain …
Published in Journal of Advanced Database Management & Systems · Vol. 11, Issue 2, 2024 · pp. 14–24 Read article