Blockchain And Supply Chain Management

This article provides an overview of blockchain and smart contracts and discusses the use of blockchain in supply chain management, including the fundamental legal issues that supply chain participants should consider before implementing a blockchain system. Blockchain technology provides a secure way to verify transactions involving multiple parties that typically do not know or have reason to trust each other. It also employs smart contracts to execute agreements agreed on by parties to a transaction. Access to a blockchain can be public, private, or permissioned, and participants in this type of blockchain are pseudonymous.