Remolding of the Supply Chain Development Mode Based on the Block Chain Technology

Abstract

The supply chain has been much developed with the internet technology being used in the business world. Some issues are becoming more and more evident than before in the course of the fast evolution of the supply chain. Among these issues, the remarkable problems include low efficiency of communication, insufficient operational outcomes and lack of the credit among the participants in the whole chain. The main reasons to cause these problems lie in the isolated information unable to be traced and in the unclear responsibility, etc. In recent years, the block chain technology has been growing fast. Being decentralized, traceable and unable to be distorted, the block chain technology is well suitable for solving the problems existing in the supply chain. Therefore, the paper first exposes the traditional supply chain mode and the actual situation of the supply chain management. Then it explains the block chain technology and explores the application & effects of the block chain technology in the traditional supply chain. Next, a supply chain style is designed on the base of the block chain technology. Finally the potential benefits of the remolded supply chain are foreseen if it is applied in the business field.