Utilizing Blockchain in Supply Chain Management

Abstract

In this paper, we examine the potential applications, drawbacks, and benefits of blockchain technology within the framework of supply chain management. This research examines the pertinent literature and does an empirical analysis to determine the potential impacts that blockchain technology may have on the operational and strategic components of supply chains. The findings of this poll indicate that a large number of people are interested in and aware about blockchain technology and its potential applications, including improving the efficiency, security, and transparency of supply chain operations. Obstacles include resistance to change, concerns about security, and a general ignorance of science. Researchers and experts in the field can benefit from the study's insightful observations on the present and potential applications of blockchain technology in supply chain management. Key ideas include supply chain management, blockchain, technology utilization, potential, and challenges.