Blockchain Application for the Supply Chain Optimization

The last few decades have radically changed the economy, companies have moved from selling directly to online selling, from local suppliers to global suppliers, and as products have become more complex, supply chains have followed suit. These changes have brought challenges to management, such as managing the bullwhip in complex supply chains, while struggling with the need to reduce costs. Considering the previous context, the present work aims to explore the causes of the bullwhip effect, and to evaluate the potential that current machine learning and data storage techniques in blockchain have to mitigate the risk of inventory breakdown. In order to achieve the proposed objectives, a review of the mentioned topics was considered, and based on the identified potential, a supply chain model based on information sharing was suggested. To assess the potential of the proposed model, several strategic analyzes were carried out, and a simulator was developed to study how the change in the flow of information could benefit the supply chain.