Topic > Using Blockchain in Supply Chain Management

Most developing countries use traditional supply chain to deliver food products or services from the supplier to the final consumer. This paper introduces a model for developing countries that will provide them with a smarter way to manage product, information and flow of funds. This paper also investigates how to contract between parties in the food supply chain efficiently using the latest technology; which will also help reduce the cost of the final product through the value chain system. As developed countries are already adopting and implementing the system, this research will be the best guide to implementing a smart food supply chain model that can be easily monitored and tracked by farmers and consumers in developing countries. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Supply chain management (SCM) is the dynamic management of supply chain activities to maximize consumer value and achieve sustainable litigation advantage. It represents a perceived effort by supply chain companies to acquire and guide supply chains along the most plausible effective and efficient paths. A supply chain is a global interface used to move products and services from raw materials to end customers by an overseer that provides information, dynamic sharing, and money. A basic supply chain is made up of these things. The seller is a supplier who provides goods and services or a person or organization with whom the buyer does business, whose general term in a market is a sailor. The supplier provides materials, energy services or components. a manufacturer who takes components from the seller to produce finished goods and services. The customer is the one who takes the finished product, i.e. the one that is ready to take. To gain competitive advantage, a company ultimately transfers more value at or below cost. Value chain analysis is the technique of narrowing down the critical path to intensify customer value while reducing costs. The overall purpose of value chain analysis is to classify the spheres and activities that will benefit from a change to increase profitability and effectiveness. Value chain analysis is more than just cost-profit design. Elaborates the origins of economies of scale and volume. Agriculture is the concise and digitalized business. In the beginning, agriculture failed many of the interests of the Internet, simply due to the lack of connectivity and we really have confirmation that agriculture no longer abandons Agricultural supply chains are surprisingly complex. Thanks to its approach stemming from a long history in the agricultural sector, our designers were soon able to see the impression that the blockchain could have, particularly when we think of agriculture as a supply chain or chain of value rather than within bizarre individual companies. [1] Blockchain also allows growers to make healthier, more informed decisions about where to sell their produce. The proposed agricultural supply chain model is fully digitalized and intelligent, as well as based on the latest technology already practiced in developed countries. Blockchain is the latest concept for supply chain management and the model will use this concept to make the supply chain smarter.food supply from supplier to consumer. We call it SFSC (Smart Food Supply Chain) based on Blockchain; when two supply chains meet blockchain will be created. To request precise information, we need a specific record so that everyone can have a clear idea about this good and service, which would be possible. The blockchain is related to bitcoin or it is called cryptocurrency, originally, it was born for a financial transaction purpose, but now it is remodeled in the business world solely into a supply chain. A blockchain transaction happens between user to user, so when there is a transaction the data is listed in a shared block and these blocks are combined together to create blockchain like a shared Google Doc. Transaction efficiency is encouraged by the fact that consensus reveals accuracy. In a blockchain database, each associate or intersection keeps a copy of the shared entries, and every action on the blockchain is recorded in the computer system that showed who the parties do, the specifics of the transactions, and the set time, each including a different mathematical method cryptographic signature . This digital signature is a key because it allows you to securely attach a single block of information to everything else. it is a system of full transparency and connection that provides the blockchain with its guarantee and reliability, this attachment presents audit trails of every transaction that occurred in a system. So there was an unofficial change that each node notified and we can see where it studied place, they would therefore correspond to appreciate the evolution as factual or defeatist. Today in a supply chain the data is stored in cribs like Microsoft word share files, but the blockchain data will be deposited publicly in a shared database, using it you can know the sequential history of a product. There is no plausibility to deceive because all they have used is the following system. the blockchain debacle won't happen overnight. But it needs to transform your lives like a wheel, an electrical device or the Internet. Blockchain is a new interface and it will help us decentralize business and allow us to do a lot more peer to peer transactions immediately. our use of intermediaries such as companies or banks. From the farmer's field to the consumer's plate, every time a commodity changes hands. This time the transaction could be documented, the data can be permanently formed from production to sale. But sometimes it took more time and cost. If you adopt technology, there is a possibility of receiving everything on time. To solve agri-food problems, an app was recently developed in our country. With this app farmers can solve all the problems without going anywhere. If there is a possibility to add some more similar features that farmers could relate to the supplier, manufacturer and other parties, it would also be possible if supply chain management could be linked with block chain technology which will add more value and will create a transparent relationship between all parties. Agribusiness experts suggest using blockchain because farmers will get the actual profit they deserve from farming. Some supply chains have already used the technology. Harvesting: Block chain technology will help farmers to harvest different seeds from different parts of the world. Documentation: Using this technology, all the materials that a farmer wants to sell, such as agricultural products, are documented here.