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Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches

Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches

Ganesh Waghmare, Suja Sundram, Bhupendra Kumar, Manju Shree Raman, Nagesh Yagnam, Harish S. Motekar, Dushyant Kaushik
Copyright: © 2023 |Pages: 21
ISBN13: 9781668464083|ISBN10: 166846408X|ISBN13 Softcover: 9781668464090|EISBN13: 9781668464106
DOI: 10.4018/978-1-6684-6408-3.ch007
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MLA

Waghmare, Ganesh, et al. "Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches." Handbook of Research on Data-Driven Mathematical Modeling in Smart Cities, edited by Sabyasachi Pramanik and K. Martin Sagayam, IGI Global, 2023, pp. 117-137. https://doi.org/10.4018/978-1-6684-6408-3.ch007

APA

Waghmare, G., Sundram, S., Kumar, B., Raman, M. S., Yagnam, N., Motekar, H. S., & Kaushik, D. (2023). Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches. In S. Pramanik & K. Sagayam (Eds.), Handbook of Research on Data-Driven Mathematical Modeling in Smart Cities (pp. 117-137). IGI Global. https://doi.org/10.4018/978-1-6684-6408-3.ch007

Chicago

Waghmare, Ganesh, et al. "Blockchain in Supply Chain Management Prevailing in Smart Cities: Prospects and Approaches." In Handbook of Research on Data-Driven Mathematical Modeling in Smart Cities, edited by Sabyasachi Pramanik and K. Martin Sagayam, 117-137. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-6408-3.ch007

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Abstract

Supply chain enactment engages in a diversified shareholder environment and need provenance, transparency, and trust. The establishment of a decentralised infrastructure comprising several stakeholders is made possible by blockchain technology. The blockchain technology is suited for multi-stakeholder supply chain applications because of these processes. This chapter covers the elements that make up the supply chain, outlines its needs, and describes how blockchain technology might help. This chapter focuses on the use of blockchain technology to develop data and trust management. To assist the stakeholders in making an educated choice, the significance of scalability and interoperability in a blockchain-dependent supply chain is stressed. This chapter ends by downplaying the design difficulties and untapped potential of the blockchain-dependent supply chain industry.

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