Applications of Blockchain to Improve Supply Chain Traceability

Abstract

Blockchain has been emerged as a promising technology for a traceability system in industry. It can also be applied to many functions of a Supply Chain Management (SCM) system, such as logistics, quality assurance, inventory management, and forecasting. One of the most important functions of the SCM is to improve the transparency, traceability and auditability of materials flow throughout the supply chain from suppliers, manufacturing facilities, warehouses/distribution centers, to customers. This research especially focuses on the impact of blockchain on supply chain traceability through the current industry applications, and its future direction.