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Security Magnification in Supply Chain Management Using Blockchain Technology

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Blockchain Technologies for Sustainability

Abstract

In supply chain management the necessity for data transparency is very essential as it is key to create trust between retailers and customers. But data managed by centralized controllers face several vulnerabilities and security threats like data breaches, data confidentiality, and many more. Blockchain is a digital and distributed ledger has acquired great popularity in recent years, due to its security, immutability, and transparency in data. It solves many challenges like kee** the data secure by using cryptographic algorithms. It is a decentralized ledger for recording, managing, storing, and transmitting data in a peer-to-peer network. This paper aims to provide a brief survey on the magnification of security in supply chain operations using blockchain, further indicating the challenges encountered during the integration. The work presents a descriptive study of past literature on blockchain for intensifying security in supply chain operations by examining the features provided by blockchain technology. Further, the paper provides an insight into how blockchain is transforming the business by providing safe and automated solutions. Additionally, this paper highlights the motivation behind using blockchain technology in supply chain management. Further, the work investigates how leveraging blockchain can help in overcoming vulnerabilities and avoiding fraudulent activities in the traditional supply chain. Finally, the paper highlights the uses of the blockchain-based business and enumerates the related future research directions.

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Authors and Affiliations

  1. Department of Computer Science and Engineering, School of Engineering and Technology, Sharda University, Uttar Pradesh, India

    Bharat Bhushan,  Anushka, Abhishek Kumar & Lucky Katiyar

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  1. Bharat Bhushan
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  2. Anushka
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  3. Abhishek Kumar
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  1. SgT Group and API, Kowloon, Hong Kong

    Subramanian Senthilkannan Muthu

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Bhushan, B., Anushka, Kumar, A., Katiyar, L. (2022). Security Magnification in Supply Chain Management Using Blockchain Technology. In: Muthu, S.S. (eds) Blockchain Technologies for Sustainability. Environmental Footprints and Eco-design of Products and Processes. Springer, Singapore. https://doi.org/10.1007/978-981-16-6301-7_3

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