ASSESSMENT, BENCHMARKING, AND QUALITY CONTROL TECHNOLOGY

Essay Instructions:

Transparency and Blockchain The digital supply chain is fostering an environment of transparency with real-time transactions. Blockchain (distributed ledger technology) integrates with supply chain function and efficiency in transactions. Leveraging technology to remain competitive is a basis for adoption. Module 3 SLP Background Readings 1) Blockchain Facts: What Is It, How It Works, and How It Can be Used. (2023) https://www(dot)investopedia(dot)com/terms/b/blockchain.asp 2) Top 10 uses of blockchain in supply chain (2023) https://supplychaindigital(dot)com/top10/top-10-uses-of-blockchain-in-supply-chain 3) The Role of Blockchain in Supply Chain Transparency and Security (2023) https://www(dot)linkedin(dot)com/pulse/role-blockchain-supply-chain-transparency-security-rafael-a-vela 4) Blockchain-Based Supply Chain Management in 2023 (2023) https://www(dot)financemagnates(dot)com/cryptocurrency/innovation/blockchain-based-supply-chain-management-in-2023/ 5) Adoption of Blockchain Technology in Supply Chain (2023) https://journals(dot)sagepub(dot)com/doi/10.1177/21582440231160143 6) Can Blockchain Unblock Supply Chain? (2023) https://journals(dot)sagepub(dot)com/doi/10.1177/21582440231160143 7) Supply Chain Attacks: One of The Biggest Cybersecurity Threats of 2023 (2023) https://www(dot)supplychainbrain(dot)com/blogs/1-think-tank/post/37813-supply-chain-attacks-one-of-the-biggest-cybersecurity-threats-of-2023 8) Cyber Security and the Digital Supply Chain (2023) https://supplychaingamechanger(dot)com/cyber-security-and-the-digital-supply-chain/ SLP Assignment Beginning with the background readings to provide a foundation, explain how blockchain can be integrated into the supply chain. This portion of the paper will be at least 1 page in length. Discuss the value that blockchain brings to the supply chain. Provide information on at least three drawbacks using blockchain. One must focus on cybersecurity. This portion of the paper will be at least 1 page in length. Resources should be no more than three years old for this case because the industry is changing rapidly, and the goal is to remain relevant throughout your career. Since you are engaging in research, be sure to cite and reference the sources in APA format. The paper should be written in the third person; this means words like “I,” “we,” and “you” are not appropriate. For more information, see Differences Between First and Third Person. The excessive use of quotes or unoriginal content will directly impact performance since it suggests lack of comprehension and indicates that a student may not have mastered the concepts. SLP Assignment Expectations Use the attached APA-formatted template (LOG302 SLP3) to create your submission.

Essay Sample Content Preview:

Your Name Course and Section Professor’s Name July 23, 2024 Operations Management Control Module 3 SLP This blockchain technology is quickly transforming several industries through the improvement of security, transparency, and efficiency. For such a tool, it is essential to consider its usage within today’s supply chain, mainly as the technologies in this sphere constantly develop. A review of literature on blockchain in Supply Chain Management (SCM) Supply chain management has gradually adopted blockchain technology, which is a decentralized digital record, for effectiveness, and accountability. It is for this reason that the integration of blockchain technology in the supply chain is most effective where the status of the item, contract, or agreement is to be recorded and shared by all the parties in the chain. This increases the credibility of products and minimizes instances of deception (Investopedia, 2023). There is also the aspect of smart contracts that trigger actions for the execution of contractual terms when specific conditions are met; these replace middlemen in speeding up transactions (Finance Magnates, 2023). Further, blockchain reduces a large number of papers as well as time consumption along with manual errors, which helps to cut the cost greatly. Apart from increasing the level of security, the use of blockchain in supply chain processes will also increase confidence among stakeholders. Every transaction is tied to the next indeed, the whole chain is encrypted and forms an unmodifiable record that shields information. This level is however deemed appropriate to enhance the security of the supply chain as pointed out by Investopedia (2023)...

Updated on October 18, 2024

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