A Review on Supply Chain Management using Blockchain

Abstract

Supply chain management is a process of transporting goods and products from source to destination. There are several problems that we encounter with current supply chain management (SCM) systems which include security, traceability, transaction transparency, stakeholder involvement, fraud, and instabilities. Blockchain emerges as a technology that can effectively and transparently manage data and foster trust. It can also help with payments made without the need for a third party or transaction authorization and verification in the supply chain. This study presents an overview of the literature on blockchain in the context of supply chains, including its benefits and challenges.