Author(s): Mikhail Ivanov

Abstract: The integration of blockchain technology in supply chain management (SCM) offers potential solutions to challenges related to transparency, efficiency, and traceability. Blockchain's decentralized and immutable ledger structure ensures that data cannot be altered, providing an unprecedented level of trust among stakeholders in a supply chain. This paper examines how blockchain can address common issues in SCM, such as fraud, inefficiency, and lack of visibility. With the increasing complexity of global supply chains, the demand for real-time tracking of goods, verification of transactions, and enhanced accountability has become critical. Blockchain enables these functionalities by allowing every transaction to be recorded in a secure, verifiable manner, making it accessible to all participants while ensuring that sensitive information is protected. This technology also reduces the time and costs associated with intermediaries, further improving supply chain efficiency. Furthermore, the application of smart contracts within blockchain can automate various processes, including payments, delivery tracking, and compliance checks, leading to more streamlined operations. However, despite these promising advantages, there are challenges to blockchain adoption, including technical issues, regulatory concerns, and resistance to change from established industry players. This paper investigates the potential of blockchain to transform SCM by improving transparency, efficiency, and security. It also discusses the barriers to widespread adoption and the future outlook of this technology in SCM. By analyzing case studies and existing literature, this research aims to provide a comprehensive understanding of blockchain's role in modernizing supply chains.

DOI: 10.33545/26633582.2026.v8.i1a.239

Pages: 01-04 | Views: 84 | Downloads: 35

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