Affiliation:
1. School of Business, Woxsen University, India
Abstract
Digital technologies are advancing supply chains significantly, especially those related to industry 4.0. The distributed ledger technology known as blockchain, which has just lately gained prominence, has a excess of uses in many different industries, most notably supply chain management. Theoretically, blockchain is a dispersed, independent system that makes storage of information secure. Blockchain based approaches may address the limitations of conventional transparency systems. The recently developed distributed ledger technology known as blockchain is becoming more and more well-liked due to its amazing applications across a wide range of industries, most notably supply chain management. A revolutionary change in managing supply chains has been sparked by the introduction of blockchain- based technology, specifically to the manufacturing industry. This chapter explores the manner in which the use of blockchain technology can improve transparency in the complex network of interconnected processes that comprise up the supply chain for manufacturing. Provided to the book “Futuristic Technology for Sustainable Manufacturing”, “Blockchain for Supply Chain Transparency in Manufacturing” examines the various ways that blockchain is changing the way that supply chain operate. This section underlines the reception of blockchain innovation as a spine for inventory network the board with the target to accomplish responsibility, straightforwardness, and biological practical as we travel through the not-so-distant eventual fate of assembling. The part likewise talks about the hopeful way that blockchain innovation offers, introducing another period of efficiency and moral conduct in the assembling area. The section covers the ordinary use of blockchain in assembling, and showing how savvy contracts empower genuine - time perceivability, cut down on interferences and lessen blunders. Additionally, it digs into the capability of blockchain innovation in ensuring adherence to supportability models, subsequently supporting the focal idea of feasible assembling.