Use of Mobile Banking, Digital Payment Systems, and Smart Contracts Conjunction with Blockchain-Based Financial System

Abstract

Financial flow in a supply chain is critical because it helps ensure that the various parties involved in the supply chain are able to pay for the goods and services they receive, and that they are able to meet their financial obligations. This can help to maintain the smooth operation of the supply chain, and can also help to build trust and long-term partnerships between the different parties involved. To manage financial flow in a supply chain effectively, it is important to have clear financial policies and procedures in place, and to establish good communication and transparency with all parties involved. Blockchain technology has the potential to revolutionize financial flows in supply chains by providing a secure, transparent, and efficient way to manage and track transactions.