Authors: Radhika Sinha, Nitin Kapoor, Sneha Rao
Abstract: Blockchain technology has the potential to revolutionize supply chain management by enhancing transparency, traceability, and efficiency. This paper examines the application of blockchain technology in supply chains, focusing on its ability to provide a secure and immutable ledger for recording transactions. The study explores the benefits of blockchain, such as reducing fraud, improving product traceability, and streamlining operations. Additionally, the paper discusses the challenges and limitations of blockchain adoption in supply chain management, including scalability issues, regulatory concerns, and the need for industry collaboration. The findings suggest that blockchain technology can significantly improve supply chain processes, but its successful implementation requires addressing technical and organizational challenges.
Keywords: Blockchain Technology, Supply Chain Management, Transparency, Traceability, Scalability
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