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

  • 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