Date of Publication :25th July 2024

Abstract:Although traditional supply chain management systems effectively cater to human needs generally in a secure environment, still they face challenges in meeting the growing array of diversified flow of goods, complex customer demands & services. This necessitates the evolution of the supply chain to operate with increased efficiency and reduced costs within an intricate and interconnected informative network. Blockchain technology (BT) stands out as a pioneering advancement poised to bring about significant changes across multiple sectors especially within the domain of supply chain management (SCM). In fact, the latest applications delve into the pivotal impact of blockchain on improving the effectiveness, transparency, security etc. of supply chain management. Therefore, this survey and research implementation scrutinizes the research works dealt with integrating the BT with supply chain and its consequences such as pilot implementation particularly focusing on its potential in enhancing and measuring process efficiency, lowering the expenses, and reducing the risks within the supply chain management (centralized) system. Furthermore, our appraisal encompasses the works done so far on its role in enabling traceability, granting organizations the capability to trace the origin & genuineness of products, features of paramount importance in the contemporary global marketplace etc. In nutshell, our effort offers valuable insights to the organizations contemplating the adoption of this technology.

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