Risk-Resilient Supply Chain Using Blockchain Technology

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Author(s): Bhoomi Gupta (Maharaja Agrasen Institute of Technology, India)and Harsh Yadav (Maharaja Agrasen Institute of Technology, India)
Copyright: 2021
Pages: 16
Source title: Blockchain Technology and Applications for Digital Marketing
Source Author(s)/Editor(s): Rohit Bansal (Department of Management Studies, Vaish College of Engineering, Rohtak, India), Pacha Malyadri (ICSSR, Center for Economic and Social Studies, India), Amandeep Singh (Chitkara Business School, Chitkara University, Punjab, India)and Asif Pervez (Jamia Millia Islamia University, India)
DOI: 10.4018/978-1-7998-8081-3.ch010

Keywords: Business & Management / Business Science Reference / Marketing

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Abstract

Recently, blockchain technology has been recognized for other industries than finance, proving it's potential other than cryptocurrencies and bitcoin. Supply chain is one of the exponentially growing industries which needs to undergo through changes in order to survive in tomorrow's economy. There are many risks involved in current supply chains that can be potentially eliminated with the implementation of blockchain. This chapter analyses the various aspects of blockchain technology and how other technologies can be integrated with it to deliver exceptional solutions. Various risks present in the current system are discussed along with how those risks can be handled using blockchain, contributing towards building a risk resilient supply chain.

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