InitVerse Blockchain - Blockchain applied to supply chain management.pdf

InitVerse Blockchain - the necessary infrastructure for decentralized cloud server platform Web3.0
Blockchain applied to
supply chain management
Blockchain applied to
supply chain management
InitVerseBlockchain Preparation
Blockchain is an information technology for decentralized data storage, data sharing,
and data exchange, which does not need to be controlled by a central organization or
individual.

Introduction to Blockchain
Blockchain is a revolutionary database technology that has attracted a lot of
attention for its decentralization, transparency and security. By encrypting and
decentralizing data storage among multiple participants, blockchain has changed the
traditional way of data management and brought significant innovations in different
fields.
The key properties of the blockchain are its distributed nature and immutability. Data
is stored in contiguous data sets called "blocks," with each block containing
information from the previous block, forming a chain. Such a structure ensures data
security and integrity, because modifying a block requires modifying the entire chain
at the same time, which is almost impossible.
Blockchain technology has huge potential when it comes to supply chain
management. Traditional supply chain management has problems such as
information asymmetry, information delay, and opacity. However, the characteristics
of blockchain can effectively solve these problems. By recording and sharing every
step and transaction in the supply chain on the blockchain, participants can track
and verify the origin, transportation and handling of products in real time. This high
degree of transparency and traceability helps reduce the circulation of counterfeit
and inferior products and improves the credibility of the supply chain.

Blockchain Principle
Structure
The blockchain is composed of
message blocks (data blocks), and
each message block is encrypted and
strung together
Encryption
Blockchain uses asymmetric
encryption technology to ensure the
data transmission process is safe
and reliable.
Verify
The data on the blockchain needs to
be verified by nodes. Each node can
only add new data after passing the
verification.

Advantages of applying blockchain
technology to supply chain management
Transparency
Blockchain technology can ensure the
transparency of supply chain information and
ensure the quality and authenticity of products by
disclosing detailed data records.
Traceability
On the blockchain, every transaction can be traced
to the original material and manufacturer’s details,
thereby better managing the flow of products in the
supply chain.
Cut costs
Through the application of blockchain technology,
the cost of middlemen and third-party institutions
can be eliminated, allowing better point-to-point
transmission of information in the supply chain.
Better management
Blockchain provides a better and safer way to
manage product supply chains, helping to verify
mutual trust and mutual communication between
producers, wholesalers and retailers, etc.

Introduction to the architecture of
blockchain applied to supply chain management
1 Supplier provides data
Suppliers in the supply chain can add
product data information on the
blockchain, such as product batch
numbers, production dates, etc.
2
In-block verification
The data in the block needs to be
verified by the node. Only if the
verification passes can it be added to
the block. 3 Block creation and linking
When enough data is collected and
verified in a block, the block is created
and added to the blockchain
4
Supplier data feedback
As a product moves to the next stage in
the supply chain, suppliers can feed
back corresponding status changes to
the blockchain.

Cases of blockchain supply chain
management applications
Logistics management
The use of blockchain technology
can achieve transparent logistics
management, cost savings and high
security
Retail industry
Through the application of
blockchain technology, retailers can
better protect consumer privacy and
enhance trust between customers
and products.
Food traceability
Blockchain technology can realize
the traceability of food products and
improve quality attributes and
traceability in the supply chain.

The future development trend of
blockchain supply chain management
03.Compliance and compliance
Compliance and regulatory compliance will
become even more important as blockchain
becomes more widely used in supply chains.
Blockchain applications need to comply with
local laws and regulations, which may lead to
more standards and regulatory frameworks.
01.Cross-industry application extension
Blockchain supply chain management is not only
suitable for specific industries, but will see its
adoption in more industries in the future, such as
manufacturing, food, medicine, etc. This will lead
to wider data sharing and more opportunities for
collaboration. 04.Supply Chain Finance Innovation
Blockchain can change the way supply chain
finance operates, including supply chain
financing, cross-border payments, etc. More
blockchain financial innovations may appear in
the future to provide more financial services to
supply chain participants.
02.Privacy protection and data security
The supply chain involves sensitive data,
and privacy protection will become an
important consideration. Future blockchain
supply chain applications will explore better
ways to protect data while ensuring the
legitimate rights and interests of participants.

Conclusion and summary
In this report, we explore the application of blockchain technology in the field of
supply chain management and the related advantages and architecture. Through
our analysis, we can draw the following conclusions:
Blockchain technology has become a powerful tool to solve many problems in
supply chain management due to its decentralization, transparency and non-
tamperability. In traditional supply chain management, there are challenges such as
information asymmetry and difficulty in authenticity verification, and the
characteristics of blockchain can solve these problems and achieve a high degree of
credibility and transparency of supply chain data.
We learned that the application of blockchain in supply chain management can
realize the traceability of product sources and real-time tracking and verification of
transactions, thereby reducing the circulation of counterfeit and inferior products and
improving the credibility of the supply chain. At the same time, the smart contract
function of the blockchain also helps to automate supply chain operations, thereby
improving operational efficiency.
In the future, we can foresee that the application of blockchain in supply chain
management will continue to expand. With the development of IoT technology, the
combination of blockchain and IoT will enable more precise data collection and
monitoring. At the same time, the further application of smart contracts and data
privacy protection will become an important direction for future development.

InitVerse is a decentralized cloud network based on
blockchain technology, which plays the role of
providing servers that meet official conditions to
InitVerse. These servers need to be verified by the
verifier before they can join the InitVerse network.
In addition to serving as a server provider, cloud
service providers can also mine and produce blocks
through the InitVerse client. During the mining
process, cloud service providers can choose to
stake tokens, which can increase the chance of
successful mining.
Services provided by Web3.0 new blockchain technology
InitVerse
Blockchain
website
https://blackchain.com.tw/
Introduction to InitVerse Blockchain

Thanks For Watching
Thanks For Watching
InitVerseBlockchain Preparation
Blockchain is an information technology for decentralized data storage, data sharing,
and data exchange, which does not need to be controlled by a central organization or
individual.

InitVerse Blockchain - Blockchain applied to supply chain management.pdf

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