Implementation of Blockchain Technology for Safe Supply Chain Transactions

Supply Chain Management (SCM) is an activity to transfer the products from one point to another point via various stakeholders. Some of the issues with the traditional SCM systems are security, transparency and centralized approach. The BC has emerged to address all these issues with the SCM and allows easy management of data and storage and also does authorization and verification in the SCM. Various security mechanisms were used in BC for secure transactions in SCM to ensure data security and protection from corruption. This research study discusses about the role of Blockchain(BC) in SCM and the mechanisms and methods to secure transactions using BC.