Different Applications Of Block Chain Technology Belong To Supply Chain Management

Abstract

Block Chain Technology Has been identified to be a significant mechanism in data analytics that helps in the effective transfer of information within a large number of collaborative businesses. The transparent and visible transfer of information helps bring about an effective increase in the performance within the companies and helps to generate a greater competitive edge. The distribution of the information from a single database in the cas[1]e of the technological system allows the network of companies to identify the data and perform their delegated tasks. The study has taken into consideration secondary qualitative evidence to examine the key variables aligned with the utilisation of Blockchain network in the supply chain management or SCM of organisations.