Supply Chain Management in Blockchain Using Hyperledger

A track of the products is kept from producer to consumer as a test of combining the digital and physical worlds. The final consumer has access to a comprehensive record of information and can be confident that the information is correct and precise. Because it employs a distributed public book of account, one of the emerging technologies, blockchain could be a useful approach in handling supply chain management. As a result, building supply chain on blockchain helps improve overall supply chain management as it eliminates counterfeit products, improves visibility and transparency as well in the supply chain. The following qualities of blockchain technology make it useful in the supply chain sector: it lowers errors, avoids product delays, eliminates fraudulent activities, improves management, promotes consumer/supplier confidence, and so on. As a result, we use blockchain to deploy supply chains to improve overall supply chain management. Blockchain records information on a wide range of products and/or service transactions, which are tracked in real time to address a lack of transparency.