IMPACT ON BLOCKCHAIN TECHNOLOGY ON SUPPLY CHAIN TRANSPARENCY AND EFFICIENCY (KEY IJP************110)

• Mr. K V Dinesh Kannaa, Vasim Akram J

Abstract

Blockchain technology has emerged as a highly innovative solution for enhancing transparency within supply chains. This study explores the potential of blockchain to improve the efficiency, accountability, and traceability of supply chain operations. By decentralizing data storage and ensuring the integrity of information, blockchain addresses common challenges such as fraud, inefficiency, and a lack of trust among stakeholders. The paper delves into the advantages and challenges of implementing blockchain across various industries, using real-world examples to demonstrate its impact