Why have the Blockchain Application for Supply chain Management?
In the recent scenario, the term Blockchain looks very close to the Enterprises, as it has revolutionized the business verticals in a drifted way to the next level of business in a digitalized platform. Let us see blockchain in the supply chain Blockchain technology works with the shared distributed ledger technology, where all the nodes are interconnected to one another. Blockchain helps in establishing the peer-to-peer network for direct transactions eliminating the third party control. It has a distributed and immutable record of transactions that are shared among the parties involved. This provides enhanced trust and avoids redundancy, third party interventions. There are various types of Blockchain, where public blockchain are used for Bitcoin, it is open-source, were anonymous to all. But in Private blockchain it is permissioned, delicately designed for the Enterprise business, it eliminates unauthorized entity entering the Blockchain network. The private blockchain is used fo