A Proposed Secure Framework for Supply-Chain Management using Blockchain Technology

Abstract

Decentralization increases the performance of the Supply Chain by distributing financial choices more evenly. The technology that is causing the biggest upheaval is the aforementioned challenges that are hampering today's supply chain are addressed by block chain, which is a cost-effective and realistic solution. Many autonomous networks, self-sufficient persons and institutions can emerge and operate in a distributed, dispersed operating environment thanks to block chain. Theblock chain’s data is unchangeable, transparent, and recorded in a distributed ledger that adheres to consensus mechanisms throughout.Hence, the data stored in it cannot be edited and forged i.e., it is trusted if the writer is trusted. Block chain also has its own advantages and setbacks: decentralized network operating in centralized computing devices. Web pages are used to captured changes in original data to malicious data, network synchronization, service outages, and other challenges are some of the issues that could arise in block chain.Thereare several entities and modules involved in the model of this Supply Chain which are tested using an efficient top-down manner in this article. The proposed supply chain management model can be adaptive to various supply chains like food, textile, healthcare and also educational institutions. A comprehensive analysis of the major-cause of numerous threats, susceptibility, and hazards is assisted on the system of supply chain management as imitated in different scenarios.