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January 1, 2023· Academic Journal of Business & Management
article
Open access

Research on Risk Management in Milk Supply Chain Based on Blockchain Technology

Authors:Hanbing Yu *

Abstract

With the increasing concern of consumers about food quality and safety, the transparency and traceability of agricultural food supply chains have become crucial. This study focuses on the milk supply chain and explores how blockchain technology can be utilized to improve risk management. Leveraging the characteristics of distributed ledger, smart contracts, and immutability offered by blockchain, the transparency of the milk supply chain can be enhanced, reducing information asymmetry and effectively lowering potential quality and safety risks. The research will emphasize the application of blockchain in various stages of milk production, transportation, storage, and sales, as well as its role in traceability, verification, and trace-back. Through in-depth analysis, this study aims to provide a more secure, efficient, and reliable solution for milk supply chain management, contributing new ideas and methods for the sustainable development of the food industry.

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