Investigating the Use of Blockchain for Secure and Efficient Supply Chain Management

The global supply chain landscape has evolved significantly in recent years, becoming increasingly complex and vulnerable to various challenges such as fraud, counterfeiting, information asymmetry, and inefficient processes The purpose of this research is to ascertain how blockchain technology might raise the efficacy and security of supply chain management. This article integrates concepts from information technology, logistics, and business management to investigate the potential applications of blockchain in supply chain management. It looks at organisational and regulatory issues along with technological aspects of blockchain implementation, like consensus algorithms and smart contracts. Furthermore, the research project assesses case studies and real-world examples where blockchain has been successfully deployed in supply chain operations. By analyzing these cases, the project aims to identify best practices, potential pitfalls, and lessons learned, offering insights for organizations considering blockchain adoption in their supply chain processes. Ultimately, this research contributes to the growing body of knowledge about how blockchain technology may revolutionise supply chain management and emphasises the importance of collaboration among industry players.