Blockchain Enabled Supply Chain Management

Abstract

A distribution network is a mechanism that links a company and its suppliers to create and distribute a product to the end customer. This network is made up of numerous activities including people, entities, knowledge, and assets. The distribution network also represents the steps taken to get a good or service out of its inception to the customer. A supply chain links a company and its suppliers to create and distribute a product to the end customer. This network is made up of numerous actions, persons, entities, knowledge, and resources. The distribution network also represents the steps taken to get a service or product from its inception to the customer. Blockchain allows all parties in a supply chain to access the same data, potentially reducing communications or data transfer issues. Less time to be spent on data confirmation and more time can be spent on providing goods and services quality, cutting prices, or both. Blockchain allows all parties in a supply chain to access the same information, potentially reducing connection or data transfer issues. Less time that could be spent on data confirmation and more time could be spent on delivering products or services quality, cutting prices, or both. This article takes a broad look at how blockchain might assist manage supply chains. Also discussed is how a crypto supply network outperforms a supply chain.