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Group Assignment No. 2:

Group Names:
Hadi Ejaz F2019331023
M.Rizwan Sohail F2019331022
Sinwan Shahzad F2019331015
Hamza Tariq F2019331006
Haseeb Sarwar F2019331012

To Submit: Sir Saqlan Abbas.

Topic:
“The Role of Blockchain Technology in Supply Chain
Management.”

Blockchain technology can improve supply chain transparency while also

lowering costs and risks. Blockchain supply chain improvements, in particular,
can provide the following important benefits:

Primary Potential Benefits:

 Increase the traceability of the material supply chain to guarantee
compliance with company requirements.
 Reduced losses due to counterfeit/gray market trade.
 Improved visibility and compliance regarding outsourced contract
manufacturing
 Reduce administrative and documentation expenditures.
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Secondary Potential Benefits:

 Improve business image by offering information about the materials used in
goods.
 Increase the credibility and public confidence in data supplied
 Reduce the possibility for public relations damage from supply chain errors.
 Involve stakeholders.

Importance of Blockchain in Supply Chain:

The advantages provided by blockchain can assist us to save money, time, and
effort. Any type of cyber-attack or hacking cannot penetrate the blockchain.
Blockchain technology has the potential to provide several benefits to
businesses. Among them are the following:
 Increasing public trust and credibility through the sharing of data.
 Involving stakeholders
 Absence of misconduct, lowering public relations risk.
Blockchain enables merchants, manufacturers, and providers to better
understand and anticipate their customers' demands, allowing them to better
serve their customers and grow their businesses. By increasing honesty and trust
among enterprises and end users, the potential of blockchain may be far more
valuable by providing traceability, security, and transparency to the supply
chain.

Applications of Blockchain in Supply Chain:

 Payments in Automotive suppliers
 Tracing the goods (Especially food items such as meat/milk)
 Monitoring Cold Chain
 Solar power microgrids
 Health industry.
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