The Transformative Role of Block chain Technology in Supply Chain Management

Abstract

This study analyzes the impact of blockchain technology in transforming the discipline of supply chain management (SCM) focusing on its benefits and challenges, as well as its level of readiness for implementation across different sectors. The objective is to explore how blockchain will resolve problems regarding transparency, security, and efficiency in modern supply chains. A quantitative strategy was selected for this research, which was in the form of a survey directed to 250 supply chain managers from different sectors. The survey captured data regarding participants’ perception, awareness, and readiness relating to the adoption of blockchain technology in SCM. Data analysis was conducted with the help of SPSS-29 and the primary outputs were presented through frequency distributions, bar graphs, pie charts, and tables illustrating the primary trends and insights. Data collected noted that respondents perceive blockchain technology as a revolutionary solution that improves the transparency, traceability, and security of the supply chain. However, insufficient adoption is driven by severe implementation cost, regulatory ambiguity, and technological sophistication. Despite these prospective scenarios, industries such as food and pharmaceuticals exhibit keen interest in the technology’s possibilities alongside logistics. Adoption acceleration was identified by respondents to require stronger government initiatives, industry case studies, and enhanced training programs. This work adds to the existing scholarship on the application of blockchain technology in supply chain management by examining the advantages and obstacles to adoption. It details the level of adoption of blockchain by various processes and the basic actions that need to be taken to address organizational challenges. The findings of the study will be useful to companies and other stakeholders interested in policy and academic research intending to improve supply chain performance and practices through blockchain technology.

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