Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches

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Author(s): Ganesh Waghmare (Lexicon MILE - Management Institute of Leadership and Excellence, Maharashtra, India), Suja Sundram (Jubail Industrial College, Saudi Arabia), Bhupendra Kumar (College of Business and Economics, Debre Tabor University, Amhara, Ethiopia), Manju Shree Raman (College of Business and Economics, Debre Tabor University, Amhara, Ethiopia), Nagesh Yagnam (Debre Tabor University, Amhara, Ethiopia), Harish S. Motekar (Department of Engineering and Technology, Bharati Vidyapeeth (Deemed), India)and Dushyant Kaushik (Vaish College of Engineering, Rohtak, India)
Copyright: 2023
Pages: 21
Source title: Handbook of Research on Data-Driven Mathematical Modeling in Smart Cities
Source Author(s)/Editor(s): Sabyasachi Pramanik (Haldia Institute of Technology, India)and K. Martin Sagayam (Karunya Institute of Technology and Sciences, India)
DOI: 10.4018/978-1-6684-6408-3.ch007

Keywords: Data Analysis and Statistics / Information Science Reference / Knowledge Management and Library Science / Mathematics & Statistics

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Abstract

Supply chain enactment engages in a diversified shareholder environment and need provenance, transparency, and trust. The establishment of a decentralised infrastructure comprising several stakeholders is made possible by blockchain technology. The blockchain technology is suited for multi-stakeholder supply chain applications because of these processes. This chapter covers the elements that make up the supply chain, outlines its needs, and describes how blockchain technology might help. This chapter focuses on the use of blockchain technology to develop data and trust management. To assist the stakeholders in making an educated choice, the significance of scalability and interoperability in a blockchain-dependent supply chain is stressed. This chapter ends by downplaying the design difficulties and untapped potential of the blockchain-dependent supply chain industry.

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Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches

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