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Trust Based Blockchain Records for Improving Supply Chain Process
AJProfessionals Posted: Tuesday 27, February 2024 03:33:57 AM     
Blockchain has gained significant popularity and has the potent
ial to disrupt existing technology. It is expected to facilitat
e technology-based business innovation. Although blockchain has
 its own specific applicability and lacks technological maturit
y, experimental adoption is continuously growing and many adapt
ation projects are underway. The adoption of blockchain technol
ogy is increasing and use cases span almost the entire sector t
o provide end-to-end solutions for the digital transfer of any 
valuable entity or asset. Blockchain has exciting features such
 as security, decentralized network, transparency, and immutabi
lity that can facilitate the creation of secure and reliable cy
ber-physical systems. Because individual use cases have differe
nt requirements, the scalability, cost-effectiveness and effici
ency issues of blockchain-based systems raise concerns about it
s applicability. We considered ABC Pvt. Ltd. use of the supply 
chain. The total cost of ownership of blockchain systems is sig
nificantly high, so the assessment of feasibility for small and
 medium-sized enterprises (SMEs) such as ABC Pvt. Ltd. need to 
assess the suitability of blockchain for SMEs. To solve the abo
ve problem, work on trust-based blockchain records has been car
ried out to improve the supply chain process with the aim of de
signing a suitable framework for SMEs in terms of cost, develop
ment time, performance and data manipulation traceability and m
inimal changes in the existing system.
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 AJProfessionals Posted: Tuesday 27, February 2024 03:34:53 AM
Trust Based Blockchain Records for Improving Supply Chain Process

MBA Project Type: Supply Chain / Logistic

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