Blockchain: The Power of Supply Chain 4.0

Abstract

— With the emergence of new technologies and the upcoming fourth Industrial Revolution known popularly as Industry 4.0; the factory environment's traditional methods are changing rapidly. Various ways are being implemented to incorporate these disruptive technologies in the factory environment. One such technology is Blockchain technology, which aims at integrating the heterogeneity of systems, manage the commercial transactions, and nurture the assets' traceability. Thus, this technology is currently seeking and contributing to optimizing the supply chain, which will significantly impact the global market.