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Title: :  Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain
PaperId: :  25522
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 10 Issue 6 2024
DUI:    16.0415/IJARIIE-25522
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Ms. B S SumukhaAlva’s Institute of Engineering and Technology, Mijar, Mangalore, Karnataka
Soniya Sudarshan KatraleAlva’s Institute of Engineering and Technology, Mijar, Mangalore, Karnataka
SowjanyaAlva’s Institute of Engineering and Technology, Mijar, Mangalore, Karnataka
Srushti Manjunath UllagaddiAlva’s Institute of Engineering and Technology, Mijar, Mangalore, Karnataka
SubramanyyaAlva’s Institute of Engineering and Technology, Mijar, Mangalore, Karnataka

Abstract

Information Science and Engineering
Supply chain Management, Smart Contract, Blockchain technology, Hyperledger Fabric, Permissioned network, trading, letter of Credit
Supply-Chain Management (SCM) is a global network of facilities that manages various operations from the acquisition of raw materials to their storage and transportation, transformation into products, and delivery of finished goods to customers. Although all of these are straightforward in theory, effectively managing such a system in practice is difficult. Many technologies are being employed to address and overcome these inefficiencies and save the organization money. Among these, blockchain is rethinking how to alter the game as a whole. In order to solve the shortcomings that the conventional system was unable to fully address, this work suggests a new supply-chain system based on blockchain technology. Using a distributed, immutable, and extremely dependable ledger concept that documents a product's history from its origin to its consumer without the assistance of a third party, the suggested Blockchain system provides transparent record keeping and provenance tracking at a lower cost. This study demonstrates the effectiveness of the suggested approach and is implemented using Hyperledger fabric.

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IJARIIE Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. "Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain" International Journal Of Advance Research And Innovative Ideas In Education Volume 10 Issue 6 2024 Page 1850-1855
MLA Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. "Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain." International Journal Of Advance Research And Innovative Ideas In Education 10.6(2024) : 1850-1855.
APA Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, & Subramanyya. (2024). Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain. International Journal Of Advance Research And Innovative Ideas In Education, 10(6), 1850-1855.
Chicago Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. "Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain." International Journal Of Advance Research And Innovative Ideas In Education 10, no. 6 (2024) : 1850-1855.
Oxford Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. 'Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain', International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 6, 2024, p. 1850-1855. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Block_chain_Implementation_of_Letter_of_Credit_based_Trading_system_in_Supply_Chain_Domain_ijariie25522.pdf (Accessed : ).
Harvard Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. (2024) 'Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain', International Journal Of Advance Research And Innovative Ideas In Education, 10(6), pp. 1850-1855IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Block_chain_Implementation_of_Letter_of_Credit_based_Trading_system_in_Supply_Chain_Domain_ijariie25522.pdf (Accessed : )
IEEE Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya, "Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain," International Journal Of Advance Research And Innovative Ideas In Education, vol. 10, no. 6, pp. 1850-1855, Nov-Dec 2024. [Online]. Available: https://ijariie.com/AdminUploadPdf/Block_chain_Implementation_of_Letter_of_Credit_based_Trading_system_in_Supply_Chain_Domain_ijariie25522.pdf [Accessed : ].
Turabian Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. "Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 10 number 6 ().
Vancouver Ms. B S Sumukha, Soniya Sudarshan Katrale, Sowjanya, Srushti Manjunath Ullagaddi, and Subramanyya. Block-chain Implementation of Letter of Credit based Trading system in Supply Chain Domain. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2024 [Cited : ]; 10(6) : 1850-1855. Available from: https://ijariie.com/AdminUploadPdf/Block_chain_Implementation_of_Letter_of_Credit_based_Trading_system_in_Supply_Chain_Domain_ijariie25522.pdf
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