Information Technology and Systems
Vol. 2 No. 1 (2024): November 2024

Analysis of the Implementation of Blockchain Technology in Optimizing Crypto Inventory Through the Supply Chain Management Method

Amin, Roihanul Falakil (Unknown)



Article Info

Publish Date
30 Nov 2024

Abstract

This study examines how the application of the Supply Chain Management (SCM) method to cryptocurrency inventory management can be optimized with blockchain technology. It is believed that blockchain, which is known for being transparent, secure, and effective, will increase operational effectiveness and lower risks in the administration of cryptocurrency inventory. It focuses on five key factors, namely transparency, data security, transaction speed, operational efficiency, and cost reduction. The study looks at the potential effects of each blockchain feature on cryptocurrency inventory management. Questionnaires on cryptocurrency users, miners, and investors are used to collect relevant data, and literature. The findings show how the application of blockchain technology lowers operational costs, increases transparency, and speeds up transactions to dramatically improve the efficiency of crypto inventory management. The findings claim that the application of blockchain technology through Supply chain management (SCM) not only adds value in terms of security and reliability, but also allows cryptocurrency companies to respond to market demand more quickly. This study adds to our understanding of how blockchain technology is used in the digital finance industry, particularly as it relates to crypto asset inventory management

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Journal Info

Abbrev

its

Publisher

Subject

Computer Science & IT Control & Systems Engineering

Description

The Information Technology and Systems ITS, is an open access and peer reviewed journal whose avenue for scholarly work emphasizes using information technology, systems theory, and information analytics to study issues in the design, built, commercial, cultural, and natural contexts. The Journal ...