Enhancing Supply Chain Management Using Blockchain Technology

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Enhancing Supply Chain Management Using Blockchain Technology

Y.Vamsi Krishna, S.Eshita, N.Nithin Reddy, L.Akhilesh, Dr.Ambeshwar Kumar

Department of Computer Science and Engineering

Gandhi Institute of Technology and Management (GITAM), Visakhapatnam.

Abstract—Blockchain technology has emerged as a disruptive force with the potential to revolutionize supply chain management across industries. This paper presents an in-depth exploration of how blockchain, with its decentralized ledger and innovative contract capabilities, is reshaping traditional supply chain processes. The research emphasizes the pivotal role of blockchain in fostering trust, integrity, and efficiency within supply chains by enabling transparent, immutable, and real-time record-keeping. Through a thorough examination of real-world case studies and successful implementations, this study underscores the adaptability of blockchain across diverse sectors, including manufacturing, logistics, and retail. Moreover, it delves into the challenges, regulatory considerations, and scalability aspects associated with blockchain adoption, providing valuable insights for organizations contemplating integration. By dissecting current trends and emerging technologies in the field, this research anticipates a future where blockchain not only optimizes supply chains but also catalyzes collaborative ecosystems and sustainable practices in the global marketplace. The findings of this study serve as a beacon for enterprises seeking to leverage blockchain's transformative potential in achieving supply chain excellence and competitive advantage.

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