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Supply chain management includes the integrated planning as well as the execution of different processes. This involves material flow, information flow as well as financial capital flow. The management of the flow of goods, services, and information involving the storage and movement of raw materials, building products as well as full-fledged finished goods from one point to another is called as supply chain management. A supply chain within the SCM is a network of individual entities, organizations, businesses, resources as well as technologies that combine together in the manufacturing of a product or service.

Why a Blockchain powered Supply Chain Management Solution?

Supply Chain is one sector that is expecting big disruption with Blockchain. Though traditional SCM systems work well for logging in data at each stage of the supply chain, it fails miserably in accountability, provenance, security and traceability. Also these legacy Supply Chain Management systems are not sophisticated enough to validate changes and updating made to the records.

This makes it un-reliable for use in sensitive business sectors that require tamper proof data maintenance. On the other hand, the inherent “distributed ledger” nature of the Blockchain makes all this seamlessly possible. All versions of changes to each data are maintained in a tamper proof manner that enables traceability and accountability in every stage of the process - in a way like never before.

How can this Turn-key script be used in a Food Supply Chain Management Use Case?

Any type of food in the world ( Rice, Fish, Vegetables, Bread, Wine, Juice etc. ) undergoes a ‘many stage’ process before it reaches the plate of a consumer in a restaurant -or- a Can in the retail store -or- a meal box served in an airplane etc. Food being food has a short shelf life and it needs a lot many quality steps to be taken care of, in each step of the process.

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