Blockchain can be used in supply chain management to provide an open source distributed ledger that securely and adaptably manages digital assets. A supply chain uses blockchain technology to allow instant confirmation of transactions without mining fees. It is easy to use, secure with digital signatures, immutable, and assigns aliases instead of addresses. A supply chain has hierarchical permissions and transparency in transactions. While a supply chain is related to blockchain, it is not technically a blockchain due to differences in how data is structured and delays between block updates. It can be considered a transaction chain. Openchain acts as a bridge between blockchain and supply chain by creating tokens that can be redeemed, similar to a sidechain.

1. How Blockchain Can Be Used In
Supply Chain Management & How It Works?

2. Supply Chain Management
• A Supply Chain provides an open source distributed ledger technology in the field of
the blockchain. This is mainly suited for organizations which manage digital assets in
a secure, robust and adaptable way.
• Features of Supply Chain:
o Firstly, this platform gives the chance to know the confirmations of instant
transaction.
o A Supply Chain technology does not require fees for mining.
o The adaptability of this technology is easy and fast.
o Furthermore, this technology is protected and secured with the help of digital
signatures.
o The Bitcoin blockchain is significant for its immutability.
o The Proof of Work will assign an alias for users instead of using addresses as a
base.
Copyright© BlockchainCouncil 2

3. Multiple levels of control:
o There are no restrictions to open a ledger because people can join it without any
concern.
o The administrator approves the participants of Close-loop ledger.
o The anonymous members will not receive the benefits like the accepted ones.
• The Hierarchical account system always sets the permissions at every level.
Therefore, there is a significant time transparency in the transactional system.
Copyright© ToshendraSharma 3
Sign Up Now

4. Is Supply Chain a blockchain?
• Supply Chain is a part of Blockchain technology. However, taking the term into
consideration it is not a "Blockchain," but a close relative.
• The data in blocks get structures, and they can directly order the blocks of
cryptographical links and transaction done through hashing.
• This technology never uses the concept that happens in the blocks.
• The interlinked transaction in this technology develops the groups in blocks. These
blocks introduce a delay into this technology.
• This technology is the best way to manage as well as reduce the block time to just a
few seconds since it is still a long time for latency-sensitive applications such as the
process of trading. Therefore, a more appropriate term for this technology is a
"transaction chain" rather than a "Blockchain".
Copyright© ToshendraSharma 4
Sign Up Now

5. Is Openchaina Sidechain?
• We can always use the model of podule for bringing a perfect bridge between a
Blockchain and a Supply Chain.
• It is always particular about providing the address and giving a copy of coins to create
the OpenChain.
• Accordingly, these tokens can be redeemed to unlock the Bitcoins.
• This model initiates a 2-way peg between Bitcoin and the Supply Chain and an
instance is the sidechain's behaviour.
Copyright© ToshendraSharma 5
Sign Up Now

6. OUR CONTACT DETAILS
https://www.blockchain-council.org
training@blockchain-council.org
fb.com/blockchaincouncil
@chaincouncil
WEBSITE:
EMAIL:
THANK YOU FOR YOUR TIME
Copyright© BlockchainCouncil 6
Blockchain CouncilComPany:
Sign Up Now