Ethereum Smart Contract in Supply Chain Management

Abstract

“Ethereum Smart Contracts: Transparency and Efficiency Revolution in Supply Chain Management”. The revolutionary effect of incorporating Ethereum Smart Contracts into supply chain management procedures is examined in this abstract. Ethereum smart contracts improve supply chain transparency, traceability, and trust by utilizing blockchain technology. These smart contracts optimize overall efficiency by reducing the risk of fraud and errors through the automation and execution of specific contractual agreements. Because Ethereum is decentralized, information may move freely throughout the supply chain network and is protected from tampering. This abstract explores the advantages of reduced costs, more stakeholder engagement, and real-time visibility. The paper also highlights the paradigm change that Ethereum smart contracts bring to conventional supply chain approaches, discussing potential obstacles and suggesting solutions.