Improving Supply Chain Transparency through Blockchain Technology

Abstract

The growing complexity and globalization of supply chains have heightened the need for enhanced transparency and traceability. Current research on improving supply chain transparency faces challenges such as data privacy concerns, trust issues, and inefficient information sharing. This paper addresses these challenges by proposing the use of blockchain technology to revolutionize supply chain management. The innovative aspect of this work lies in leveraging blockchain's decentralized and immutable nature to create a transparent and secure system for tracking and verifying the flow of goods and information throughout the supply chain. By introducing this novel approach, this research aims to enhance trust among supply chain partners, improve operational efficiency, and ultimately contribute to the overall integrity and sustainability of global supply chains.