Author(s)

Safiye Turgay ¹, Suat Erdoğan ²

Affiliation(s)

¹ Department of Industrial Engineering, Sakarya University, Sakarya, Turkey
² Maro International Information Technologies Consulting, Development, Support Services Industry and Trade Joint Stock Company, İstanbul, Turkey

Corresponding Author

Safiye Turgay

ABSTRACT

Blockchain technology has the potential to significantly enhance trust in supply chain management by providing a secure and transparent system for recording and tracking transactions. A blockchain is essentially a distributed ledger that is maintained by a network of nodes, and each node holds a copy of the same ledger. Transactions validated and recorded by the nodes in the network, and once a transaction is recorded, it cannot be altered or deleted. One of the key benefits of using blockchain technology in supply chain management is the ability to provide end-to-end traceability of products. By using a blockchain-based system, every transaction that occurs within the supply chain can be recorded and tracked, allowing for greater transparency and accountability. This can help to reduce the risk of fraud, counterfeiting, and other illegal activities within the supply chain. By using a decentralized system for recording and tracking transactions, there is less need for intermediaries and intermediaries, which can reduce costs and increase the speed of transactions. Overall, blockchain technology has the potential to significantly enhance trust in supply chain management by providing a secure and transparent system for recording and tracking transactions. However, there are still some challenges that need to be addressed, such as interoperability between different blockchain systems, and the need for standardization of data formats and protocols.

KEYWORDS

Trust Model; Block Chain Management; Supply Chain Management; Mathematical Model

CITE THIS PAPER

Safiye Turgay, Suat Erdoğan, Enhancing Trust in Supply Chain Management with a Blockchain Approach. Journal of Artificial Intelligence Practice (2023) Vol. 6: 56-64. DOI: http://dx.doi.org/10.23977/jaip.2023.060609.

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