Author(s): Santhosh Kumar

Abstract: This research paper delves into blockchain applications in supply chain management and looks at how they promote transparency, traceability. The operations of supply chains are complex networks that can easily suffer a lack of transparency, creating all sorts of operational headaches. Its decentralization, immutability and transparency make blockchain technology the answer to these problems.The paper itself begins with a comprehensive review of all the existing literature, defining current problems in supply chain management (SCM) and exploring why blockchain potentially represents an unprecedented transformative technology. A methodological model integrating qualitative and quantitative analysis was selected to review numerous case studies of the application of blockchain in supply chains within different industries.Blockchain integration increases transparency and traceability in supply chains, according to the findings. Time for product traceability down, accuracy up: Security against fraud and counterfeiting Increase. In addition, the application of blockchain technology can improve operational efficiency and reduce costs in future.The paper also examines the difficulties in implementing blockchain, such as technical complexity and scalability problems. It points out that a number of standards need to be developed across industries; for example solutions must work together well across different platforms or business areas. Yet the supply chain management implications of blockchain are truly revolutionary. It not only improves operational efficiency but also raises consumer confidence by offering transparent product histories.In sum, the incorporation of blockchain technology into supply chains is a big step toward more transparent, trackable and efficient management of supply chains. According to the study, overcoming these obstacles depends not only on research but also on stakeholders working together.

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