In today's competitive business environment,
the goal of a business is long-term survival. As seen that
these days, most of the companies are customer driven.
They mostly work on a combination of pull and push
system Supply chain is an integral part of the
manufacturing companies and various other sectors.
Keeping this in mind, it is also found that the supply
chain faces a lot of threats. This paper looks at various
challenges a traditional supply chain faces such as
Inventory theft, Information theft, Smuggling and
Piracy, Trusting data to third party vendor. So, there is
a high sense of need of security and monitoring for the
data as well as the products. In this paper we discuss
about the steps involved in implementation of
Blockchain. This paper will summarize on how
Blockchain, which on combining with IoT platform, will
provide a real time and a secure supply chain. By doing
so, the productivity, efficiency, and profitability of the
supply chain can be improved.
Keywords : Blockchain, Internet of Things (IoT), Supply chain, Blockchain of Things (BIoT), Security