RM Chain: A Block Chain System for Risk Monitoring in Supply Chain Network

Abstract

Blockchain technology has always been on the fore front of providing trustworthy services that are highly transparent. Blockchain based supply chain solutions have increasingly proven to reduce overall operational costs and increase efficiency in supply chain industry. Various operational risks associated with the supply chain network using blockchain technology has surfaced over the years that has acted as a deterrent to the wider penetration of blockchain based supply chain management system. This paper exclusively focuses on risks that are associated with a supply chain system that deals with fast perishable food articles. This paper proposes a new system: RM chain that intensely focusses on monitoring the risks associated with a blockchain based supply chain network.