BLOCKCHAIN TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT: ENHANCING TRANSPARENCY, SECURITY, AND EFFICIENCY
Keywords:
Blockchain Technology;, Supply Chain Management (SCM), Transparency, SecurityAbstract
Supply chain management (SCM) is a critical component of global commerce, involving the coordination of goods, information, and finances across a network of suppliers, manufacturers, and distributors. Traditional supply chain systems often suffer from inefficiencies, lack of transparency, and security vulnerabilities. Blockchain technology, with its decentralized and immutable ledger, offers a transformative approach to addressing these challenges. This paper explores the integration of blockchain technology into SCM, analyzing its potential to enhance transparency, security, and efficiency. Through case studies and simulation models, we evaluate the impact of blockchain on various supply chain operations, including tracking, verification, and payment processes. The findings suggest that while blockchain offers substantial benefits, its implementation requires careful consideration of scalability, cost, and integration with existing systems.
References
Nakamoto, S. (2008). Bitcoin: A Peer-to-Peer Electronic Cash System. Whitepaper.
Tapscott, D., & Tapscott, A. (2016). Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World. Penguin.
Kamath, R. (2018). Food Traceability on Blockchain: Walmart's Pork and Mango Pilots with IBM. The Journal of the British Blockchain Association, 1(1), 3712.
Kshetri, N. (2018). 1 Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89.
Everledger. (2020). Blockchain for Diamond Supply Chains. [Online]. Available: www.everledger.io
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 COMPUSOFT: An International Journal of Advanced Computer Technology
This work is licensed under a Creative Commons Attribution 4.0 International License.
©2023. COMPUSOFT: AN INTERNATIONAL OF ADVANCED COMPUTER TECHNOLOGY by COMPUSOFT PUBLICATION is licensed under a Creative Commons Attribution 4.0 International License. Based on a work at COMPUSOFT: AN INTERNATIONAL OF ADVANCED COMPUTER TECHNOLOGY. Permissions beyond the scope of this license may be available at Creative Commons Attribution 4.0 International Public License.
