Blockchain Technology in Supply Chain Management: Prospects and Challenges
Geetha Manoharan, Swati Agarwal, Sandeep K. Agarwalla, Amit Dutt, V. Divya Vani, G Sandhya
Abstract
It very well may be challenging to safeguard the uprightness of the items and cycles in a multi-partner supply chain. A large number of the ongoing arrangements experience suffer of information fragmentation, an absence of unquestionable provenance, and shifting convention rules across a few disseminations and cycles. This article makes the case for exploring blockchain's potential for supply chain management. This essay will go through several significant issues with data retrieval, product tracking, information exchange, etc. The literature on the difficulties of incorporating blockchain technology within supply chain management information systems is thoroughly examined in this research. In evaluating the use of blockchain, this article intends to assist supply chain stakeholders and top management. The literature was compiled from freely available articles discovered on Google Scholar. 35 papers were chosen from a total of 78 distinct papers that were discovered. The top three issue categories are implementation and development, effectiveness and productivity, and scalability and sustainability. It seems that even while blockchain technology for crypto currencies is quite reliable, there are several difficulties in using it for supply chains.