Logistics Management Using Blockchain Technology
Abstract
A supply chain is a collection of services and distribution choices that handles the tasks of acquiring raw materials, processing them into intermediate and completed goods, and distributing those goods to clients. It is crucial in both the service and industrial sectors, although the chain's intricacy varies substantially among sectors. Blockchain technology is transforming the digital sphere by redefining system security, resilience, and efficiency. It provides a safe means of exchanging any item, service, or transaction. More agile value chains, quicker product developments, and a stronger focus on client relationships will all be made possible by blockchain. This essay provides a general introduction of blockchain technology and how it could improve the effectiveness of supply chain management.
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