Applications of Blockchain Technology in Supply Chain Management

This research paper investigates the potential applications of blockchain technology to enhance
transparency, traceability, and efficiency within supply chain management (SCM). It examines case
studies and pilot projects across various industries, including food and pharmaceutical sectors, to
illustrate how blockchain can streamline processes such as inventory management, product tracking,
and authentication of goods. The study explores key features of blockchain, such as decentralized ledger
systems, smart contracts, and cryptographic security, that contribute to improving supply chain visibility
and reducing fraud risks. Furthermore, the paper discusses challenges such as scalability,
interoperability between different blockchain platforms, and regulatory considerations for widespread
adoption of blockchain solutions in SCM. It highlights emerging trends and future research directions
aimed at harnessing blockchain's potential to transform global supply chain operations.