Innovating supply chain management with blockchain applications

Abstract

The primary objective of blockchain-based supply chain management systems is to harness technological advancements to create a lasting audit trail for monitored assets. However, the key challenge lies in overseeing these assets as they navigate through diverse blockchain-enabled distribution networks. This paper presents a specially designed model to address these challenges. The model introduces capabilities such as tracking assets across multiple blockchain-based supply chain environments, cryptographic validation of the asset's supply chain history, standardization of asset data representation, and the ability to describe this data in various standardized formats. Consequently, this model provides a notable enhancement in facilitating interactions among disparate blockchain-powered supply chains, distinguishing it from other models discussed in the scholarly community.