The industrial world is moving towards the next layer of technological advancement with the inclusion of technologies like IoT, artificial intelligence, robotics, industry 4.0 in its operations and managerial process, this is demanding the revolutionizing the ways of data handling and utilization, so it has given the evolution to the field of Big Data and the concept of using distributed ledger technologies i.e., Blockchain. Implementation of M2M communication with the invention of 5G connectivity is enabling the industries to push towards smart and autonomous manufacturing and managerial processes. The objective of this thesis is to explore the ways and methods for resolving the challenges of existing supply chain practices with the adoption of blockchain technology.