BLOCKCHAIN TECHNOLOGY IN SUPPLY CHAIN MANAGEMENT

Abstract

Blockchain technology has emerged as a disruptive force in supply chain management, offering transparency, traceability, and security. This paper presents a comprehensive review of the application of blockchain in supply chain management, highlighting its benefits and challenges. The review examines various use cases, including provenance tracking, smart contracts, and decentralized autonomous organizations. It also discusses the impact of blockchain on key supply chain functions such as procurement, production, and distribution. The paper concludes with a discussion on future trends and recommendations for implementing blockchain in supply chain management.