Blockchain Implementation for Supply Chain Transparency and Trust

Abstract

As global supply chains grow more intricate, traditional systems struggle to meet the demands of efficiency, transparency, and innovation. Blockchain technology has emerged as a transformative solution, offering a decentralised and secure infrastructure for modern supply chain management. This paper provides a comprehensive review of blockchain's impact on supply chains, focusing on its capacity to improve operational efficiency, ensure transparency, and stimulate innovation. By eliminating intermediaries, minimising paperwork, and enabling real-time tracking, blockchain streamlines processes, reduces costs, and enhances responsiveness. Its decentralised structure ensures data integrity, reducing risks of fraud and human error.