92 Implications of Blockchain Technology in Supply Chain Management Rekha Goyat 1 , Gulshan Kumar 2* , Mritunjay Kumar Rai 3 , Rahul Saha 2 1,3 School of Electronics and Electrical Engineering, Lovely Professional University, Phagwara, Punjab, India 2* School of Computer Science and Engineering, Lovely Professional University, Phagwara, Punjab, India gulshan3971@gmail.com Abstract. Due to rapid developments in technology, the supply chain becomes a bright area of interest among up-and-coming careers in various industries. People with careers in this field oversee such activities as product development, production, information systems, transportation, and day-to-day logistics. But, the rapidly evolving environments of an easy and comfortable life, the demand for product visibility and end-to-end traceability have grown. The existing supply chain is inefficient, unadaptable, intractable and costly as compared to innovative and advanced technology. Blockchain is the emerging and revolutionary technology that impacts the supply chain networks significantly. Therefore, in this paper, the implication of blockchain technology in the supply chain is presented. Keywords: Supply chain management, Blockchain, Distributed ledger, Transactions, Trust. 1. Introduction The rapid advancement in digital communication has allowed for quicker, easier connectivity between businesses and customers. With the development in technology, the customers’ expectations and their needs have increased with regards to delivery on time, transparency, good quality of products and response times. Supply chain management (SCM) is defined as the management of the flow of goods and services that transform raw materials into final products. In other words, to control the flow of any products from raw state to final customers in the most streamlined and cost-effective way represents the SCM process. It protects the distribution of all goods from manufacturing to end product. The production, shipment, and distribution of any product are controlled in a centralized manner. Also, SCM reduces the excess cost of products and delivers to the customer in the ISSN 1816-6075 (Print), 1818-0523 (Online) Journal of System and Management Sciences Vol. 9 (2019) No. 3, pp. 92-103 DOI:10.33168/JSMS.2019.0306