This is my first time to see hearing about the block chain.

, however when I researched

about block chain, I understood the sole important to check each and data through technology,
for this method is known as block chain. By using block chain technology can check the
complete history of the transaction and it is a great helpful to every business especially for
supply chain management. Block chain is based on pseudonymous entities that exchange value
through special data structures, called transactions, that are broadcast to the underlying
communication network and those transactions are eventually validated and will then apply their
effect by updating the global state (recording the passage of value to the new owners) (Maesaa,
Morib & Riccic 2019, pp. 8).
Block chain technology is linked with the supply chain management. This technology received
initial attention for its association and ensuring the details about product quality and from this
technology can understand how much quality there in the product is. Now, as supply chain
managers begin to recognize the possibilities of this new technology. This technology is became
highly demanded in all places. For example, I found that we need guarantees that fish
purchased, and we are not farmed using illegal netting practices or from closed waters. Also,
jewelry consumers want assurance that purchased diamonds are authentic and not farmed from
war-torn regions of the world. These methods became poplar internationally. Blockchain
technology promises for providing a transparent and immutable record for inspection. Currently
blockchain applications are primarily being used and developed within the finance. The
company authorities can do quickly applying the technology to customer service and achieving
competitive advantages (Francisco & Swanson 2018, pp. 1-2).