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Informative Article | Science and Technology | India | Volume 11 Issue 10, October 2022 | Popularity: 4.6 / 10

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Blockchain Integration in Supply Chain Management: A Comprehensive Analysis of B2B Implications

Narayana Challa

Abstract: Blockchain is revolutionizing supply chain management (SCM) with its lasting impact on inter-organizational transactions, particularly in B2B interactions. Offering unparalleled transparency, efficiency, and security, blockchain addresses SCM challenges like product traceability and fraud prevention, redefining the core principles of the industry. However, hurdles exist in integrating blockchain, from technical complexities to data privacy concerns and substantial initial costs. Seamless integration into existing SCM frameworks requires a profound understanding of technical prerequisites. Security concerns regarding sensitive supply chain information on blockchain networks and the significant financial investment in infrastructure pose substantial barriers. This article presents a nuanced perspective on blockchain's transformative role in SCM, recognizing its potential while critically analyzing adoption challenges, positioning it as a compelling force shaping the future of SCM.

Keywords: Blockchain technology, supply chain management, business-to-business, blockchain, Information Technology

Edition: Volume 11 Issue 10, October 2022

Pages: 1360 - 1363

DOI: https://www.doi.org/10.21275/SR24127212237

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