Abstract:
Supply chain management (SCM) is a core corporate activity that moves goods and services through multiple stakeholders. The central headquarter manages traditional SCM, and all sub-offices follow its instructions. Current SCM systems face security, transactional transparency, traceability, stakeholder involvement, product counterfeiting, delays, fraud, and instabilities. Blockchain (BC) manages data and builds trust transparently. It can authorize and verify supply chain transactions and payments without a third party. BC technology solves SCM issues. This paper surveys BC adoption in SCM, motivated by the above considerations. This paper reviews the literature on BC characteristics, implementations, and business impacts in various SCM. This Blockchain-focused study analyzes 97 recent publications on BC’s supply chain uses to reveal the research state and future directions. Transparency, traceability, information sharing, product anti-counterfeiting, and trust drive BC’s SCM implementation. We also examined SCM applications where BC may secure all transactions. We then highlighted open issues and research challenges for adopting BC technology in SCM, opening the door for beginners eager to work in this amazing area.
Note: Please discuss with our team before submitting this abstract to the college. This Abstract or Synopsis varies based on student project requirements.
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