Applications of Blockchain in Supply Chain Management: Improving Transparency and Traceability
Keywords:
Blockchain, Supply chain management, Transparency, Traceability, Decentralization, Tamper-proof ledger, Real-time data sharing, Fraud prevention, Supply chain resilienceAbstract
Blockchain technology has emerged as a transformative solution for enhancing transparency, traceability, and trust within supply chain management. This paper examines the application of blockchain in supply chains, exploring how its decentralized and immutable ledger can address common challenges such as fraud, counterfeiting, and lack of transparency. By facilitating real-time, tamper-proof data sharing across supply chain participants, blockchain technology enables more accurate tracking of goods, improves compliance with regulatory requirements, and strengthens overall supply chain resilience. This study reviews recent advancements in blockchain adoption in supply chains, analyzes case studies across various industries, and discusses the technological and regulatory challenges that must be addressed to enable widespread implementation. The findings contribute to a deeper understanding of blockchain's potential to transform supply chains into more transparent, efficient, and trustworthy networks.
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These references provide foundational insights into the role of blockchain in supply chain management, focusing on applications, operational improvements, and industry challenges before 2023.
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Copyright (c) 2024 CHARU CHETTRI (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
