BLOCKCHAIN IN SUPPLY
CHAIN!
By Group 2:-
Calvin Koshy -05
Durvesh Dulgach -06
Ganesh Pandey -07
Hanif Barbhuiya -08
GREETINGS!
INTRODUCTION TO BLOCKCHAIN IN SUPPLY
CHAIN
Blockchain technology offers a decentralized, secure,
and transparent way to track and manage transactions in
the supply chain.
It creates an immutable digital ledger that records every
transaction, providing visibility and accountability.
By leveraging blockchain, supply chain stakeholders can
streamline processes, reduce costs, and enhance trust.
BENEFITS OF USING BLOCKCHAIN IN SUPPLY CHAIN
• Improved transparency and traceability throughout the supply chain.
• Enhanced security through encryption and decentralized storage of data.
• Increased efficiency by reducing paperwork, errors, and delays in transactions.
Use Cases of Blockchain in Supply Chain
Provenance tracking of products to verify
authenticity and ensure compliance with
regulations.
Smart contracts for automating and
enforcing terms and conditions in
agreements between parties.
Supply chain financing to facilitate faster
and more secure payment processes.
Implementation Challenges of Blockchain in Supply Chain
Integration with existing systems
and technologies.
Scalability issues due to the high
volume of transactions in supply
chain networks.
Adoption barriers related to cost,
complexity, and resistance to
change.
KEY FEATURES OF BLOCKCHAIN
TECHNOLOGY FOR SUPPLY CHAIN
Decentralization ensures no single point
of failure and increased resilience.
Immutability guarantees that once data is
recorded, it cannot be altered or tampered
with.
Transparency enables all stakeholders to
access and verify transaction information
in real-time.
CASE STUDY: WALMART’S USE OF
BLOCKCHAIN IN FOOD TRACEABILITY
Walmart implemented blockchain to track the
origin and journey of food products.
The technology helped reduce the time taken to
trace the source of contaminated food from days
to seconds.
By enhancing food safety and transparency,
Walmart improved customer trust and loyalty.
FUTURE TRENDS IN BLOCKCHAIN FOR
SUPPLY CHAIN
Interoperability between different
blockchain platforms to enable seamless
data exchange.
Integration of Internet of Things (IoT)
devices for real-time tracking and
monitoring of goods.
Adoption of blockchain-based supply chain
networks by multiple industries beyond
retail and manufacturing.
REGULATORY CONSIDERATIONS FOR
IMPLEMENTING BLOCKCHAIN IN SUPPLY
CHAIN
Data privacy regulations such as GDPR
and CCPA that govern the collection and
storage of personal information.
Compliance with industry-specific
standards and certifications to ensure data
security and integrity.
Collaboration with regulators to address
legal and regulatory challenges associated
with blockchain technology.
SECURITY AND PRIVACY IMPLICATIONS OF
BLOCKCHAIN IN SUPPLY CHAIN
Enhanced data security through encryption,
digital signatures, and permissioned access
controls.
Privacy concerns related to the exposure of
sensitive information on a transparent
blockchain ledger.
Solutions like zero-knowledge proofs and
private transactions to protect confidential
data while maintaining transparency.
BEST PRACTICES FOR SUCCESSFUL
IMPLEMENTATION OF BLOCKCHAIN IN SUPPLY
CHAIN
Conduct a thorough assessment of existing
processes and identify areas for
improvement with blockchain.
Collaborate with stakeholders across the
supply chain to ensure buy-in and
participation.
Pilot test blockchain solutions on a small
scale before scaling up to the entire supply
chain network.
CONCLUSION
Blockchain technology has the potential to
revolutionize the supply chain industry by enhancing
transparency, efficiency, and trust.
Despite challenges and complexities, organizations
that embrace blockchain stand to gain competitive
advantages in the market.
Continuous innovation and collaboration will drive the
widespread adoption of blockchain in supply chain
management.
THANKYOU!
for your valuable time ma’am, this is GROUP 2 signing off!:)
