Assignment 1: Block chain Technology for Supply Chain Security

Imagine you are an Information Security consultant for a global manufacturing company that wants to enhance the security of its supply chain. The company is interested in exploring the use of block chain technology to improve transparency, traceability, and security. Write a three to five-page paper in which you:1. Block chain Technology Overview: Provide an overview of blockchain technology, explaining its fundamental concepts and how it works. Discuss the key features of block chain that make it suitable for supply chain security.2. Supply Chain Security Challenges: Analyze the security challenges associated with traditional supply chain systems, including issues such as counterfeit products, unauthorized access, and data tampering. Highlight how blockchain can address these challenges.3. Smart Contracts in the Supply Chain: Discuss the role of smart contracts in the supply chain and how they can automate and enforce business rules. Recommend specific use cases for smart contracts to enhance security and efficiency in the manufacturing company’s supply chain.4. Implementation Strategies: Recommend strategies for implementing blockchain technology in the supply chain. Discuss considerations such as interoperability with existing systems, scalability, and collaboration with partners in the supply chain.Your assignment must follow the provided formatting requirements, be typed, double-spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Citations and references must follow APA or school-specific format.Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.The specific course learning outcomes associated with this assignment are: Describe the role of information systems security (ISS) compliance and its relationship to U.S. compliance laws. Use technology and information resources to research issues in security strategy and policy formation. Write clearly and concisely about topics related to information technology audit and control using proper writing mechanics and technical style conventions.Click6here6to view the grading rubric.Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.