Impact of Blockchain on Supply Chain Management

The assignment provided is a detailed analysis of the impact of blockchain technology on supply chain management. It discusses how blockchain can improve supply chain processes by enhancing transparency, efficiency, and cost reduction. The assignment also highlights the potential of blockchain to automate smart contracts and online platforms, which can further enhance fluidity in supply chain management. However, it also mentions some challenges such as high costs in managing supply chains and slower transaction processing due to a lack of nodes on blockchain networks. Overall, the assignment concludes that blockchain technology has a significant impact on supply chain management and is crucial for maintaining security and tracking data.