Proceedings of the International Conference on Computational Innovations and Emerging Trends (ICCIET- 2024)

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Advancing Supply Chain Distribution using Blockchain

Authors
Aruru Mohith1, *, Simhadri Venkata Nithin Kumar1, D. Geethanjali1, N. Umasankari1
1Department of Computer Science and Engineering, Sathyabama Institute of Science and Technology, Chennai, India
*Corresponding author. Email: arurumohith@gmail.com
Corresponding Author
Aruru Mohith
Available Online 30 July 2024.
DOI
10.2991/978-94-6463-471-6_22How to use a DOI?
Keywords
blockchain; supply chain management; transparency; efficiency; inventory management; smart contracts; traceability; collaboration; stakeholders
Abstract

The utilization of blockchain technology in supply chain management has gained significant attention in recent years due to its potential to address key challenges such as transparency, accountability, and efficiency. This study explores the impact of integrating blockchain into the supply chain to enhance various processes, including inventory management, logistics, and payment systems. By utilizing a decentralized and secure ledger system, organizations can track and verify transactions in real-time, leading to increased trust among stakeholders and reduced instances of fraud and errors. Additionally, smart contracts can automate certain aspects of the supply chain, streamlining operations and minimizing delays. Furthermore, blockchain can facilitate greater visibility and traceability of products throughout the supply chain, enabling quick response to disruptions and ensuring compliance with regulations. Overall, the integration of blockchain technology holds great potential for enhancing the supply chain by promoting transparency, improving efficiency, and fostering collaboration among partners.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Computational Innovations and Emerging Trends (ICCIET- 2024)
Series
Advances in Computer Science Research
Publication Date
30 July 2024
ISBN
10.2991/978-94-6463-471-6_22
ISSN
2352-538X
DOI
10.2991/978-94-6463-471-6_22How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Aruru Mohith
AU  - Simhadri Venkata Nithin Kumar
AU  - D. Geethanjali
AU  - N. Umasankari
PY  - 2024
DA  - 2024/07/30
TI  - Advancing Supply Chain Distribution using Blockchain
BT  - Proceedings of the International Conference on Computational Innovations and Emerging Trends (ICCIET- 2024)
PB  - Atlantis Press
SP  - 223
EP  - 229
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-471-6_22
DO  - 10.2991/978-94-6463-471-6_22
ID  - Mohith2024
ER  -