| Issue |
E3S Web Conf.
Volume 552, 2024
16th International Conference on Materials Processing and Characterization (ICMPC 2024)
|
|
|---|---|---|
| Article Number | 01013 | |
| Number of page(s) | 13 | |
| DOI | https://doi.org/10.1051/e3sconf/202455201013 | |
| Published online | 23 July 2024 | |
The impact of blockchain technology on supply chain efficiency: A review
1 Department of Production and Industrial Engineering, Birla Institute of Technology, Mesra, Ranchi, India.
2 Department of Mechanical Engineering, Birla Institute of Technology, Mesra, Ranchi, India.
* Corresponding Author: kkumar@bitmesra.ac.in
As intricate global trade demands new solutions, traditional supply chains struggle with opacity, traceability, and security concerns. In response to the present apprehensions, Blockchain technology (BT) offers an appealing solution through its decentralised and transparent ledger. This paper critically examines the transformative impact of BT on supply chain efficiency, exploring its potential to revolutionise traditional, often opaque, and error-prone systems. This study utilises a systematic literature review of 75 selected papers to provide insights into how blockchain technology is integrated into supply chain management, showcasing its potential. The paper aims to provide a balanced and nuanced perspective on the impact of blockchain technology on supply chain efficiency. It highlights the transformative potential of this technology while emphasising the need for careful consideration of its challenges and limitations before wide-scale adoption.
Key words: Blockchain technology / Supply chain efficiency / Supply chain management
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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