Blockchain Technology in Supply Chain Management: Developing Smart Contracts Based on Python

With the development of the global economy and the progress of science and technology, the importance of supply chain management in modern economic activities has become increasingly prominent. However, traditional supply chain management is characterized by problems such as information silos, low transparency, and difficulties in traceability, which seriously affect the efficiency and security of the supply chain. The introduction of blockchain technology provides a new technical path and solution to solve these problems. This paper explores the application of blockchain technology, especially smart contracts, in supply chain management. By developing Python-based smart contracts, this paper verifies the effectiveness of blockchain technology in enhancing supply chain transparency, efficiency, security, and trust. In addition, this paper demonstrates the current status and challenges of the application of blockchain technology in supply chain management through literature review and case study analysis, and points out the direction of future research. The findings of this paper show that the application of blockchain technology in supply chain management has significant advantages, but it is still necessary to further optimize the performance and security of smart contracts and explore more application scenarios.

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Publication Details

Journal
Frontiers in Business Economics and Management
Published
2024-12-24
DOI
https://doi.org/10.54097/1k2nsn19
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Blockchain Technology in Supply Chain Management: Developing Smart Contracts Based on Python

Xiang He
Frontiers in Business Economics and Management
Blockchain Technology Applications and Security
article

Blockchain Technology in Supply Chain Management: Developing Smart Contracts Based on Python

Xiang He
article en

Abstract

With the development of the global economy and the progress of science and technology, the importance of supply chain management in modern economic activities has become increasingly prominent. However, traditional supply chain management is characterized by problems such as information silos, low transparency, and difficulties in traceability, which seriously affect the efficiency and security of the supply chain. The introduction of blockchain technology provides a new technical path and solution to solve these problems. This paper explores the application of blockchain technology, especially smart contracts, in supply chain management. By developing Python-based smart contracts, this paper verifies the effectiveness of blockchain technology in enhancing supply chain transparency, efficiency, security, and trust. In addition, this paper demonstrates the current status and challenges of the application of blockchain technology in supply chain management through literature review and case study analysis, and points out the direction of future research. The findings of this paper show that the application of blockchain technology in supply chain management has significant advantages, but it is still necessary to further optimize the performance and security of smart contracts and explore more application scenarios.

Frontiers in Business Economics and ManagementVol. 17(3)
Industry, innovation and infrastructure
Openalex Percentile: Top 62%
Blockchain Technology Applications and Security
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