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Open Access Journal Article

Blockchain Technology for Secure Supply Chain Management

by Emma Jackson 1,*
1
Emma Jackson
*
Author to whom correspondence should be addressed.
TET  2020, 12; 2(2), 12; https://doi.org/10.69610/j.tet.20200921
Received: 30 July 2020 / Accepted: 20 August 2020 / Published Online: 21 September 2020
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Abstract

The advent of blockchain technology has revolutionized various sectors, including supply chain management, by offering a secure and transparent platform for transactions and data sharing. This paper delves into the role of blockchain in enhancing the security of supply chain management. By providing an immutable ledger, blockchain ensures the integrity of records, reduces counterfeiting risks, and facilitates end-to-end traceability. The use of smart contracts automates and verifies transactions, thereby minimizing errors and fraud. Furthermore, the decentralized nature of blockchain fosters trust among stakeholders, leading to more efficient and reliable supply chain operations. The paper explores the challenges and opportunities associated with adopting blockchain in supply chain management, emphasizing the need for robust implementation strategies to maximize the potential benefits.

 

Keywords: Blockchain technology; Supply chain management; Security; Transparency; Smart contracts.;
Copyright: © 2020 by Jackson. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Jackson, E. Blockchain Technology for Secure Supply Chain Management. Transactions on Engineering and Technology, 2020, 2, 12. https://doi.org/10.69610/j.tet.20200921
AMA Style
Jackson E. Blockchain Technology for Secure Supply Chain Management. Transactions on Engineering and Technology; 2020, 2(2):12. https://doi.org/10.69610/j.tet.20200921
Chicago/Turabian Style
Jackson, Emma 2020. "Blockchain Technology for Secure Supply Chain Management" Transactions on Engineering and Technology 2, no.2:12. https://doi.org/10.69610/j.tet.20200921
APA style
Jackson, E. (2020). Blockchain Technology for Secure Supply Chain Management. Transactions on Engineering and Technology, 2(2), 12. https://doi.org/10.69610/j.tet.20200921

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