Towards Sustainable Supply Chains With Blockchain

Abstract

For constructing an irrepressible system for the supply chain, blockchain offers key support as a prominent implementation of the latest technological assistance by using a disseminated and dispersed system of records for mapping out the drive of merchandise and services within the supply chain. Prominently ensures transparency and vigorous linkage during the overall process. Blockchain contributes effectively towards diverse areas of the supply chain like foodstuff and agrarian domain, healthcare, and pharmacological domain for ensuring trustworthy supply chain arrangement. Besides other assistance, one of the crucial roles of blockchain is the perspective of supporting sustainability. This ensures the triple bottom line prospect which embraces the stability of ecological, communal, and governing business while dealing with supply chain arrangement. Therefore, blockchain provides disseminated, irreversible, translucent records, which can also track possible communal and ecological prospects that can enact ecological, health, and well-being apprehensions.