Block-Chain Management in Supply Chain Management - A Comprehensive Review

Abstract

Supply chain management plays a vital role in ensuring the efficient flow of goods, services, and information from suppliers to end consumers. However, traditional supply chain systems often face challenges related to transparency, traceability, and trust among participants. Blockchain technology has emerged as an innovative and game-changing solution to address these difficulties by providing decentralized and transparent methods of storing records, enhancing traceability, and fostering increased trust. In this paper, we provide a comprehensive review of Blockchain management in supply chain management. We explore the fundamental concepts of Blockchain technology, discuss its potential benefits and challenges in the supply chain context, and examine various applications. Moreover, we present case studies illustrating successful implementations of Blockchain management in supply chain scenarios. We also discuss future research directions and potential areas for improvement in Blockchain based supply chain management.