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Enhancing Transparency of Blockchain Technology in Supply Chain Management |
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PP: 13-21 |
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doi:10.18576/amis/200102
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Author(s) |
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Suleiman Ibrahim Shelash Mohammad,
Sultan Alaswad Alenazi,
Badrea Al Oraini,
Hassan Ali Al-Ababneh,
Ahmad Samed Al-Adwan,
Asokan Vasudevan,
Mohammad Faleh Ahmmad Hunitie,
Nawaf Alshdaifat,
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Abstract |
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| Blockchain era has come up as a capability solution that can be used to enhance transparency in the supply chain. It affords an open, unchangeable database of transactions and actions of products by utilizing decentralized ledgers and cryptographic techniques. However, traditional techniques often lack transparency, resulting in inefficiencies, frauds, and product tracing problems. Manipulation is customary with centralized databases whilst paper-primarily based structures be afflicted by lack of real-time records go with the flow. This observe therefore proposes the usage of Supply Chain Management using Blockchain Technology (SCM-BT) as an alternative to this trouble. It uses Blockchain’s distributed way to assemble a transparent and tamperproof device for following products inside the complete deliver chain under SCM-BT. These transactions are transparently traceable if SCM-BT is carried out, enabling stakeholders to ascertain whether the goods are genuine or were tampered with through their movement tactics. Moreover, within blockchain smart contracts automate transactions lowering guide activities subsequently extended performance. The findings showed that there have been good sized improvements in terms of transparency delivered approximately by SCM-BT which has brought about reduction of fraud and progressed usual performance in the supply chain. This fosters agree with and accountability among stakeholders consequently enhancing business environments conducive for both consumers and corporations.
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