How blockchain solves the supply chain problems using RFID techniques
by Tapan Kumar Behera; B.S. Panda; Debabrata Samanta
International Journal of Blockchains and Cryptocurrencies (IJBC), Vol. 4, No. 2, 2023

Abstract: Blockchain technology has revolutionised the software industry and is proving to be a powerful tool to solve unresolved issues in supply chain management. This paper discusses how blockchain can address challenges in transparency, accountability, and trust, especially when dealing with valuable goods like diamonds, gold, liquor, or medical drugs. By utilising its peer-to-peer architecture, blockchain can eliminate intermediaries and reduce costs. When combined with RFID technology, it creates a highly secure and transparent system that can predict and prevent problems before they occur. We propose a supply chain model that incorporates machine learning with RFID technology, which can automate processes and improve system speed while meeting customer demands during peak periods. This paper shows how blockchain is a future-proof solution that can give a significant boost to the current supply chain system. The proposed blockchain-based supply chain model with RFID technology is a promising avenue for supply chain management that provides benefits for years to come.

Online publication date: Tue, 08-Aug-2023

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