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Blockchain in SCM - 9 Pages

The document discusses how blockchain technology can revolutionize supply chain management by creating a transparent, tamper-proof record of a product's journey from raw materials to delivery. It explains that blockchain functions as a digital ledger shared across a network where every transaction is recorded in a block, creating an unbreakable chain. This allows products to have a unique digital identity and be tracked in real-time through the supply chain. Key benefits of blockchain for supply chains include increased transparency, improved traceability, reduced fraud and counterfeiting, and enhanced efficiency. Challenges to adoption include scalability, technical complexity, regulation, and integration with existing systems.

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usmanahmad65
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17 views

Blockchain in SCM - 9 Pages

The document discusses how blockchain technology can revolutionize supply chain management by creating a transparent, tamper-proof record of a product's journey from raw materials to delivery. It explains that blockchain functions as a digital ledger shared across a network where every transaction is recorded in a block, creating an unbreakable chain. This allows products to have a unique digital identity and be tracked in real-time through the supply chain. Key benefits of blockchain for supply chains include increased transparency, improved traceability, reduced fraud and counterfeiting, and enhanced efficiency. Challenges to adoption include scalability, technical complexity, regulation, and integration with existing systems.

Uploaded by

usmanahmad65
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Usman Ahmad usman_ahmad89@yahoo.

com

Blockchain:
Revolutionizing
Supply Chain
Management
Imagine a world where every product you buy
comes with a transparent, tamper-proof
record of its journey, from raw materials to
your doorstep. That's the promise of
blockchain technology in supply chain
management.

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Usman Ahmad [email protected]

What is Blockchain?
Think of it as a digital ledger, shared
across a network of computers. Every
transaction is recorded in a block,
linked to the previous block, creating
an unbreakable chain of data. This
makes it virtually impossible to
tamper with or forge records.

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Usman Ahmad [email protected]

How does it work in


Supply Chains?
Product tracking: Each item gets a
unique digital identity on the
blockchain, allowing real-time
tracking of its movement through the
supply chain. This provides valuable
insights into origin, storage
conditions, and even environmental
impact.

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Usman Ahmad [email protected]

Blockchain in Supply Chain Management


Enhanced transparency: All participants
in the supply chain, from farmers to
manufacturers to retailers, have access to
the same data. This fosters trust and
collaboration, reducing paperwork and
disputes.
Combating counterfeiting: By verifying
the authenticity of products at each stage,
blockchain can significantly reduce the
risk of counterfeiting, protecting both
brands and consumers.
Improving efficiency: Automating manual
processes and streamlining data sharing
can lead to faster deliveries, lower costs,
and better inventory management.
Sustainable sourcing: Tracking ethically
sourced materials and ensuring fair labor
practices becomes easier with blockchain,
promoting responsible and sustainable
business practices.

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Usman Ahmad [email protected]

Benefits of using blockchain in


Suppy Chain Management:
Increased transparency and trust
Improved traceability and
provenance
Reduced fraud and counterfeiting
Enhanced efficiency and cost
savings
Greater sustainability and ethical
sourcing

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Usman Ahmad [email protected]

Challenges and Considerations:


Scalability & technical complexity

Regulation and standardization

Integration with existing systems

Cost and adoption

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Usman Ahmad [email protected]

Examples of Blockchain in
Action:
Walmart: Tracks the origin and
freshness of food products.
Maersk: Provides real-time visibility
into shipping container movements.
Ever ledger: Tracks the provenance
of diamonds to prevent conflict
diamonds from entering the market.

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Usman Ahmad [email protected]

The future of Blockchain in


Supply Chains:
While still in its early stages, blockchain
has the potential to revolutionize supply
chain management. As technology
matures and adoption grows, we can
expect to see even more innovative
applications that improve efficiency,
transparency, and sustainability across
industries.
Remember, blockchain is just one tool in
the toolbox. Its success in supply chain
management will depend on
collaboration, integration, and a
commitment to building a more
transparent and efficient future.

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Usman Ahmad [email protected]

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