Blockchain technology in supply chain

Abstract

Blockchain is a new technology that over the last few years was generating significant interest in various industries. The blockchains have the potential to transform diverse industries such as finance, IoT applications, supply chain, real estate, international trade and many others. This paper introduces the effects of blockchain technology on supply chain. By implementing blockchain, brings the opportunities in addressing the challenges of supply chain industries such as cost-efficiency, traceability or transparency. Implementing blockchain can revolutionize the way a supply chain works.