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Blockchain and Automation Help Debottleneck Supply Chain Management Process

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Existing supply-chain systems lack trust and transparency. A new technology will be developed using a blockchain hyperledger, a distributed ledger technology. The supply-chain management (SCM) application serving the request and procurement process will use the Hyperledger Fabric software development kit or representational state transfer web service to interface with the Hyperledger Fabric network. The organizations that participate in developing the Hyperledger Fabric network are known as the members. Every member organization in the blockchain network is capable of setting up their peers to take part in the network. All of the peers’ needs are configured with suitable cryptographic materials such as certificate authority and other data. Chaincode will be actualized in peers to initiate transaction-invocation requests. This process will result in the chaincode providing an executable smart contract. The system executes the terms of the contract by all necessary stakeholder’s peer—for example, when goods or services are completely delivered, a work completion certificate…

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