Blockchain Technology in Supply Chain Management

Abstract

The integration of blockchain technology in supply chains has the potential to transform the industry by improving transparency, traceability, and security. This study provides insight into important aspects for data management in blockchains, such as data kinds, collection tactics, integration methodologies, and data input and delivery accountability. Furthermore, it emphasizes the financial ramifications of blockchain adoption, emphasizing the difficulties that small supply chain enterprises confront due to limited resources. Cultural resistance and deeply embedded corporate procedures are investigated as important operational barriers that could stymie blockchain technology adoption. This study emphasizes the significance of building robust governance models and protocols that promote collaboration and compliance among supply chain actors to manage these difficulties. Moreover, the importance of tackling interoperability issues across different blockchain systems to provide seamless information flow within complicated supply chain networks is emphasized.