Investigations on the Implementation of Blockchain Technology in Supplychain Network

Abstract

The attacks against supply chain has increased recently in an alarming levels and the implementation of blockchain to secure the IoT data of the supply chain has received positive results as it provides transparency, traceability and involvement of all the agents. In this paper, a comprehensive exploratory reports of several blockchain based supply chain implementations has been given. The challenges and benefits of implementing blockchain in supply chain, various methods and techniques, different fields of supply chain especially focusing on Pharmaceutical supply chain and the working of blockchain has all been discussed here thoroughly. It has been concluded that the application of blockchain can enhance the security of supply chain significantly by providing transparency, authenticity and confidentiality.