Blockchain Technology in Supply Chain Management: Enhancing Transparency and Efficiency
Abstract
Blockchain technology has emerged as a transformative tool for supply chain management (SCM), offering unprecedented levels of transparency, security, and efficiency. This study examines the integration of blockchain in SCM, focusing on its impact on traceability, fraud prevention, and operational efficiency. We present a blockchain-based SCM model and evaluate its performance through a pilot implementation in the food industry. The results indicate significant improvements in traceability and reduction of fraud, highlighting blockchain's potential to revolutionize SCM practices.
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References
- Kshetri, N. (2018). 1 Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89.
- Wang, Y., Han, J. H., & Beynon-Davies, P. (2019). Understanding blockchain technology for future supply chains: A systematic literature review and research agenda. Supply Chain Management: An International Journal, 24(1), 62-84.
- Francisco, K., & Swanson, D. (2018). The supply chain has no clothes: Technology adoption of blockchain for supply chain transparency. Logistics, 2(1), 2.
How to Cite
Thompson, M., Davis, R., & Clark, E. (2024). Blockchain Technology in Supply Chain Management: Enhancing Transparency and Efficiency. Journal of Technology, 1(1), 10–14. https://doi.org/10.1481/jtech.v1i1.3
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Copyright (c) 2024 Mark Thompson, Rachel Davis, Emily Clark
This work is licensed under a Creative Commons Attribution 4.0 International License.
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