Enactment of Block Chain under Supply Chain Management
A Study on Seafood Companies in Pakistan
Keywords:Block Chain, Supply Chain Management, Seafood Companies
This research paper has been created to examine the potential benefits of block chain applications associated with hyper ledger under the key functions that are performed within the supply chain management of seafood companies in Pakistan. For this purpose, the research has specifically focused on determining how block chain hyper ledger can assist seafood companies in Pakistan to enhance their key supply chain functions associated with tracking and tracing of the seafood products, as well as in maintaining transparency under the entire supply chain. To conduct this study, primary data related to the key variables of this research was collected through a survey, under which a Likert-scale questionnaire was administered to obtain the information from the respondents. This primary data was collected from 36 respondents who were working on various positions within the supply chain department of different food companies. The findings of this research revealed that block chain hyper ledger was impacting the track and trace procedures, as well as the transparency of the supply chain management of seafood companies positively at 95 percent confidence interval. These findings further indicated that even though the use and implementation of technologies or applications of block chain are still in their infancy and underutilized within Pakistan, block chain technology has a significant potential to offer transparent, optimal, and secure characteristics related to traceability under the important supply chain functions that are performed by seafood companies. Furthermore, it was also inferred from the findings of this research that the technology of block chain can offer a comprehensive framework in helping seafood organizations to save their costs and enhance their efficiency while producing, managing and delivering seafood products to the target customer successfully.
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