Blockchain in Supply Chain Management: A Review (KEY IJP************371)

• Prachi Jaydas Patil

Abstract

The market has seen significant change over the last few years, becoming more demanding and dynamic, which has created a competitive atmosphere. Because the supply chain depends so heavily on flexibility, collaboration, and integration, it is essential to the business's ability to react to the changing environment. Numerous business owners are interested in supply chain apps, and numerous specialized applications are being adopted to enhance the supply chain's flow control. Due to its ability to be swiftly adjusted to changing market conditions and business environments, blockchain technology is one of the most significant new technical applications in the supply chain and has attracted the interest of many business owners. After reading this, one will have a better understanding of how blockchain technology is being applied in this industry. The research paper's findings advise businessesto invest in blockchain technology to improve the supply chain's transparency, adaptability, and security. Without a doubt, building trust with supply chain stakeholders is facilitated by the use of blockchain technology. At the conclusion, the research article has also discussed some positive aspects and the blockchain's potential for integration and collaboration.