Study on Supply Chain Management using Blockchain Technology

Abstract

The rapid increase in use of new technology known as “block chain technologies” in various fields brings massive benefits to the user with having concerns on decentralization, transparency, and security. Information like data, transactions details, time, and money are recorded and stored end to end within the system. This ensures the security and protects data from getting corrupt. Various patterns and algorithm all met to ensure the security level. Block chain technologies are mostly used in automations like E-voting, supply chain etc. This information can be attacked or corrupted by hackers, so they are highly under risk. No ensure transparency inside the system and security outside the system, block chain technologies are used as a major tool. A detailed study has been presented on the various types of techniques and methods that are used in the field of supply chain under block chain technologies.