This paper is published in Volume-5, Issue-3, 2019
Area
Computer Engineering
Author
Shiwam Dixit
Co-authors
Rajat Rawat, Rohan Chougule, Shivam Singh, Anup Kadam
Org/Univ
Army Institute of Technology, Pune, Maharashtra, India
Pub. Date
07 May, 2019
Paper ID
V5I3-1184
Publisher
Keywords
Blockchain, FMCG, Source truth auditability, Supply Chain Management

Citationsacebook

IEEE
Shiwam Dixit, Rajat Rawat, Rohan Chougule, Shivam Singh, Anup Kadam. Tracing the original source of FMCG-SCM using Blockchain, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Shiwam Dixit, Rajat Rawat, Rohan Chougule, Shivam Singh, Anup Kadam (2019). Tracing the original source of FMCG-SCM using Blockchain. International Journal of Advance Research, Ideas and Innovations in Technology, 5(3) www.IJARIIT.com.

MLA
Shiwam Dixit, Rajat Rawat, Rohan Chougule, Shivam Singh, Anup Kadam. "Tracing the original source of FMCG-SCM using Blockchain." International Journal of Advance Research, Ideas and Innovations in Technology 5.3 (2019). www.IJARIIT.com.

Abstract

Fast Moving Consumer Goods come a long way from the production of their raw materials to finally being bought by the end user, i.e. the customer. Their Supply Chain Management is a tedious task and doesn’t really provide you with an auditable trail. The source and thus the quality of the product raises few questions. The paperwork involved in this leads to days of auditing for even a small discrepancy arising in the whole SCM. One of the obvious solutions to this is the digitalization of the whole process. But that still doesn’t stop it from getting tampered. The truth still poses a question with the quality of the product being consumed by the end user. Adding another level of surety is only possible by ensuring that the data is not tampered with during the whole supply chain of the product. This is only possible by having a blockchain to moderate the whole process. This will not only make sure that the data regarding the product is true to its point but also make the auditing easy and fast in case of any discrepancy. Few western countries have already implemented blockchain for the products which require high quality throughout the supply chain. Since the type of supply chains vary and data privacy is required in some stages between different parties, private blockchains are preferred in such scenarios to create that balance between truth auditability and data privacy.
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