A Conceptual Framework for Blockchain-Based, Intelligent, and Agile Supply Chain

Abstract

Traditional supply chain administration regularly depends on centralized frameworks, manual forms, and data silos. This could lead to wastefulness, lack of transparency, and expanded risk of extortion and falsification. As businesses proceed to expand globally and customer requests increments, there is a developing requirement for more prominent straightforwardness, effectiveness, and security in supply chain administration. Using blockchain technology, businesses can see the movement of goods throughout the supply chain in real-time. It enables data sharing among all parties involved, provides a source of truth, and fosters trust among stakeholders. Blockchain technology can offer assistance in computerizing and streamlining supply chain forms, counting acquirement, inventory administration, and procurement. This may lead to taking a toll on investment funds and expanded operational proficiency. In this chapter, a conceptual system for intelligent supply chains based on blockchain is given. It shows the causal connections of the compelling components in these smart supply chains.