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Blockchain Technology In The Manufacturing Supply Chain

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Running Head: BLOCKCHAIN TECHNOLOGY 1
Blockchain Technology
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BLOCKCHAIN TECHNOLOGY 2
Blockchain Technology in the Manufacturing and Supply Chain Industry
The paper provides a proposition of how the blockchain technology can be used in the
manufacturing and supply chain industry. Other than that, it gives a general discussion of this
technology, its current applications, and potential applications in different sectors and the
benefits it offers in general. Before delving into their proposition on using it, the manufacturing
supply chain, the authors provided background information on this technology. Blockchain is a
distributed ledger containing blocks that contain a record of valid network activity (Crosby,
Pattanayak, Verma, & Kalyanaraman, 2016). Once a block is filled and approved, it is included
in the existing chain of blocks. Once these blocks have been added to the chain, anyone can view
the data they contain, but they cannot modify it without proper authorization. The article review
will provide an overview of the subjects covered by the authors in their article.
The authors talk about the benefits of using the blockchain technology. One of the
benefits is durability; in Blockchain, the risk is distributed among the network's existing nodes.
The distributed risk attribute makes Blockchain more durable than the existing centralized
system (Abeyratne, & Monfared, 2016). Another advantage is transparency. Each node in the
system often maintains a copy of the Blockchain, thereby making it easy for them to access and
inspect it. Also, blockchains are immutable. Before blocks are added to the chain, there is a need
for validation from other nodes, which means that the details entered in the blocks have to be
true. Blockchains also ensure process integrity. This technology includes distributed open-source
protocols that dictate the process to be followed during transactions. These protocols ensure that
actions are executed timely and correctly without needing human intervention.
Besides outlining the benefits of this technology, they also discuss its financial
application, social application, legal application, and other potential applications. Under financial

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Running Head: BLOCKCHAIN TECHNOLOGY Blockchain Technology Student’s Name Course Code Course Title Institution Affiliation Date 1 BLOCKCHAIN TECHNOLOGY 2 Blockchain Technology in the Manufacturing and Supply Chain Industry The paper provides a proposition of how the blockchain technology can be used in the manufacturing and supply chain industry. Other than that, it gives a general discussion of this technology, its current applications, and potential applications in different sectors and the benefits it offers in general. Before delving into their proposition on using it, the manufacturing supply chain, the authors provided background information on this technology. Blockchain is a distributed ledger containing blocks that contain a record of valid network activity (Crosby, Pattanayak, Verma, & Kalyanaraman, 2016). Once a block is filled and approved, it is included in the existing chain of blocks. Once these blocks have been added to the chain, anyone can view the data they contain, but they cannot modify it without proper authorization. The article review will provide an overview of the subjects covered by the authors in their article. The authors talk about the benefits of using the blockchain technology. One of the benefits is durability; in Blockchain, the risk is distributed among the network's existing nodes. The distributed risk attribute makes Blockchain more durable than the existing centralized system (Abeyratne, & Monfared, 2016). Another advantage is tran ...
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