Its a presentation on Blockchain-Technology-in-Supply-Chain-Management

1. Blockchain Technology
in Supply Chain
Management
Inefficiencies and high costs are challenges that global companies face in
supply chain management. With blockchain technology, there is a
potential solution for enhancing supply chain efficiency, trust, and
transparency.

2. What is Blockchain?
Blockchain is a distributed ledger technology that provides secure
transaction settlement and transfer at a nominal cost. It is made up of
encrypted data blocks that are only accessible to those with the key. To
add data to the blockchain, a node must send out a transition request,
and the new block must be agreed upon before being added to the chain.

3. Blockchain Infrastructure
Blockchain can only be accessed over a computer, laptop, or server
connected to the internet. All the connected devices are known as nodes
of the blockchain. The nodes store identical data, unlike traditional
databases, which store digital data in one centralized location.

4. Adding to the Blockchain
To add data to the blockchain, a node must receive a transition request
with the data, which is then added to other nodes in the network. The
addition of a new block to the blockchain requires agreement from all
nodes, and validation of the new block ensures that it is correctly
formatted and contains no duplicate transactions. Once validated, an
encrypted block is added to the blockchain and stored by other nodes.
Due to the encryption and distributed ledger format, the data on the
blockchain is secure and trustworthy.

5. Research Objective
The research aims to explore how blockchain technology can assist
logistics companies in tackling supply chain challenges. It is a new
innovation that has the potential to address the high operational costs and
capacity storage issues involved in the supply chain management
process.

6. Research Question
How can technology help resolve the challenges involved in managing
supply chain efficiently?

7. Research Motivation
The supply chain comprises different companies that cannot compete
alone and is a part of a vast network. High customer expectations,
globalization, market competition, and complex supply chains create
uncertainty challenges that necessitate cooperation across the supply
chains. Blockchain technology can resolve these challenges by providing
transparency, subsequent decrease in transaction costs, and enhanced
data accuracy.

8. Research Gap
Blockchain technology provides many benefits, but it's not a
comprehensive solution in the supply chain. There is a need to identify
how it fits in the management process of different companies to improve
efficiency.

9. Blockchain Technology and Supply
Chain Management
The blockchain technology can enhance the visibility of the supply chain and offer real-time
data sharing across the network. It solves the challenges of high operational costs and
capacity storage issues involved in supply chain management.
Supply Chain
Flexibility
Blockchain technology
helps in making the supply
chain more flexible by
facilitating tracking and
tracing in various stages of
production, which can
respond faster to situations
that are unexpected.
Trust in the Supply
Chain
Blockchain technology can
build trust between firms
by providing secure online
transactions and
transparency, honesty, and
openness in the
relationships between the
various fields of the supply
chain.
Current Challenges
The modern supply chain
faces a host of challenges,
including lack of
traceability, improper
response, poor visibility,
data reconciliation, and
lack of trust, all of which
result from a complex
ecosystem.

10. Blockchain in Supply Chain Flexibility
Tracking and
Tracing
Blockchain technology
can provide enhanced
visibility and control of
data security
throughout the various
stages of production.
This results in
improved delivery
processes and
inventory
management.
Cost Effective
The use of blockchain
technology to enhance
supply chain flexibility
results in cost savings.
This is due to the
improved efficiency of
the logistics process,
which results in lower
operational expenses.
Adapting to
Change
The use of blockchain
technology provides a
flexible framework that
can easily adapt to
changing market needs
and enhance a firm's
ability to respond in a
timely manner.

11. Blockchain in Supply Chain Trust
Transparency
Blockchain technology
ensures transparency in
supply chain management
by providing a secure and
unalterable record of all
transactions. This
enhances trust between
partners, suppliers, and
customers.
Secure Transactions
Blockchain technology
offers secure online
transactions and reduces
the potential for fraud and
theft. This promotes trust in
the supply chain network
and ensures greater
security.
Faster Logistics
Process
By integrating blockchain
technology with the
Internet of Things (IoT),
logistics companies can
reduce delivery and logistic
process times and promote
greater efficiency.

12. Challenges in the Supply Chain
Domain
1 Complex Ecosystem
The supply chain comprises
independent farms, businesses, and
transportation companies that must
work together to compete. This
results in a complex ecosystem that
is difficult to manage.
2 Lack of Traceability
Supply chain managers often lack
complete visibility throughout the
logistics process due to the
involvement of multiple parties.
3 Poor Visibility
Information sharing between
partners is often insufficient, leading
to poor visibility into the logistics
process.
4 Lack of Trust
There is often a lack of trust between
supply chain partners, which can
result in disputes and inefficiencies.

13. Blockchain and other Technologies
1 Robotics Technology
Can automate various logistics
processes and enhance supply
chain efficiency.
2
5G
Can provide faster and more
reliable internet connectivity,
making it easier for devices to
communicate.
3 IoT
The integration of blockchain
with IoT can enhance traceability
and logistics processes by
arranging resources through the
IoT system.
4
3D Printing
Can provide an innovative
solution to supply chain
challenges by enabling on-
demand and customized
products.
5 Big Data
Can help logistics companies
analyze performance data to
improve logistics efficiency and
customer service.

14. Results and Discussion
Blockchain technology, with its trust-building and flexible features, can be
a valuable asset to companies that leverage supply chain management. It
provides secure online transactions, data accuracy, transparency, and
honesty in the relationships between different supply chain fields. It also
enables companies to access all the product information and provide
proper customer service. Combining it with the Internet of Things can help
logistic companies reduce costs, increase efficiency, and improve service
delivery as it provides real-time monitoring across the supply chain.