Abstract:
In recent times, the considerations of improving the product distribution supply
structure has been increased worldwide. At the same time, it brings various
complexities in the supply chain and things get much adulterated within the supply
chain at the time of calamities. For instance, along with the spurious quality in
products, prices too get a huge illegal raise and illegal inhuman stockpiling occurs to
make the situation even worse. Hence, distribution prices are now to be disclosed and
product information is to be shared with consumers.
As it is already mentioned, distribution channels are complicated and supply chain
management (SCM) is autonomously attained in an independent manner. For practical
reason, it has been repeatedly pointed out that the distribution procedure is not
transparent and the distribution margin is pretty high. The propose of this study is to
structure a system that pledges the transparency of the product distribution structure
by with blockchain and smart contracts in price-tracking segment of supply chain
management systems. This approach allows companies as well as any consumers to
track their trades, products by enhancing transparency in the Supply Chain
Management, thereby blighting down companies and middlemen from having
excessive profits. It also enables the authority i.e. Government to prevent stockpiling
by monitoring the available stockpile of any product by any organizations or
companies at any certain time.
