A Comprehensive Review of the Integration of Blockchain Technology in Supply Chain Management

Abstract

This paper reviews the concept of Supply
Chain Management (SCM) and provides an
introduction to the use of blockchain
technology in SCM. SCM involves the
coordination and control of operations related
to the production and delivery of goods and
services to clients. The traditional SCM model
has been facing challenges, including a lack of
transparency, inefficiency, and increased
costs. Blockchain technology offers a
promising solution to these challenges by
providing a secure, decentralized, and
transparent platform for the management of
supply chain operations. This paper
highlights the key features of blockchain
technology and how it can be applied in the
SCM business model. The use of blockchain
can improve the efficiency of supply chain
processes, reduce costs, increase
transparency, and enhance trust among
supply chain partners. The paper also
discusses the challenges and limitations of
implementing blockchain in SCM and
provides recommendations for future
research