Chapter 5 Blockchain Applications and Uses: Supply Chain Management
Blockchain technology is presently at the center of the supply chain management industry and has successfully provided robust solutions for the industry. The supply chain industry can experience numerous advantages from integrating into blockchain-based networks. One advantage of blockchain is the centralized database server that allows data privacy by generating symmetric keys, utilizing codes and timestamps, and using asymmetric key cryptography for validating and identifying transactions. The supply chain includes several upstream components such as raw materials, suppliers, manufacturing, distribution, and retail/consumer. Embracing blockchain technology for supply chain ...
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