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Research Paper: Blockchain Technology in Supply Chain Management

Research Paper: Blockchain Technology in Supply Chain Management

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aeaw
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25 views5 pages

Research Paper: Blockchain Technology in Supply Chain Management

Research Paper: Blockchain Technology in Supply Chain Management

Uploaded by

aeaw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Research Paper: Blockchain

Technology in Supply Chain


Management

Blockchain technology has


emerged as a powerful tool for
improving transparency,
traceability, and efficiency in
supply chain management. This
research paper explores how
blockchain can solve many of the
persistent issues in global supply
chains.

Topics Covered:
Abstract: This paper investigates
the potential of blockchain to
revolutionize supply chain
management by offering
enhanced transparency and
reducing fraud.

Introduction: Blockchain,
originally developed for
cryptocurrencies, is now being
used to track goods as they move
through global supply chains. By
creating an immutable ledger of
transactions, blockchain allows
for greater transparency.
Use Cases: Real-world examples of
blockchain in action, such as
tracking products from their origin
to the consumer, verifying the
authenticity of goods, and
reducing the risk of fraud.
Blockchain is particularly useful in
industries like food,
pharmaceuticals, and luxury
goods, where counterfeit
products are a significant concern.

Challenges: Despite its potential,


blockchain is not without
challenges. Scalability issues, high
costs, and the complexity of
integrating blockchain with
existing systems are major hurdles
to widespread adoption.

Methodology: This section


discusses the research conducted
by surveying companies that have
adopted blockchain in their
supply chain processes.

Results: Companies using


blockchain have reported
increased efficiency, reduced
errors, and better consumer trust
due to enhanced transparency.
Conclusion: While blockchain
holds great promise for supply
chains, particularly in terms of
traceability and fraud reduction, it
is not a silver bullet. Companies
must weigh the costs and
challenges before adopting the
technology.

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