Blockchain in Logistics and Supply Chain Monitoring

Abstract

Supply chain management (SCM) is a system to manage the flow of goods and services, and from transforming the raw into finished products, it has challenges that are needed to be achieved like good quality services to the consumer, reducing labor cost, etc. Industries need to digitize real assets and make distributed, immutable transactions possible to trace assets from manufacture to supply. To overcome the lack of transparency and traceability of the products in the enterprise resource planning system in supply chain (SC) and logistics issues, there is a solid need to employ a method that can efficiently track assets from production to supply decentralized, immutable records of all transactions. A blockchain (BC) is a decentralized software network that follows a digital ledger to exchange entities digitally and a way through which it makes secure transactions. Thus, this chapter proposes integrating BC in logistics and SC monitoring by giving a template on how Python and Flask can be used for BC with the SCM system to improve traceability without involving any intermediary.