Advanced International Journal of Multidisciplinary Research

E-ISSN: 2584-0487

An Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 2 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 2 Issue 6
November-December 2024

Submit your research paper

Blockchain in Supply Chain Management: Enhancing Transparency, Efficiency, and Trust

Author(s) Nahid Khan, Sarowar Hossain, Umesh Khadka, Shifa Sarkar
Country United States
Abstract Supply chain management has become an area of focus as organizations around the world work to leverage blockchain technology to increase supply chain visibility, productivity, and reliability. As a novel approach to innovation, this paper aims at assessing whether or not blockchain technology could help overcome problems that have attributed lack of consensus between SCM and its stakeholders including, inadequate information flow, complex logistics, ad inadequate inter-organizational trust. As such, using scientific data I investigate how innovations built on the blockchain enhance efficiency, contain costs, and create instant permanent transparency, including in the supply chain. The research methods include a literature search and analysis, calculations of blockchain benefits in relation to the most important SCM indicators: transaction time, cost cutting, and transparency of suppliers. From our research, it can be suggested that advanced use of blockchain results in improved efficiency by around 20-25% of OM costs, while the error rate will be decreased up to 30%. In addition, by enhancing the history of each product, blockchains decrease fraud rates in high-risk sectors, including the pharmaceutical marketplace, by a half. These findings emphasize the positive impact that blockchain implements to alter the supply chain by promoting trust between the chain’s participants and allowing for secure transfer of necessary information. This research helps to complete the existing literature by giving concrete information about blockchain’s efficiency in the real business environment which could be useful for those companies and government agencies which are aiming to implement blockchain-based solutions in supply chain management. Finally, the ethical issues and implications related to the practical realization of blockchain in SCM are highlighted and analyzed with the help of corresponding recommendations.
Keywords Blockchain Technology, Supply Chain Management, Transparency, Efficiency, Trust
Discipline Other
Published In Volume 2, Issue 5, September-October 2024
Published On 2024-10-22
Cite This Blockchain in Supply Chain Management: Enhancing Transparency, Efficiency, and Trust - Nahid Khan, Sarowar Hossain, Umesh Khadka, Shifa Sarkar - AIJMR Volume 2, Issue 5, September-October 2024. DOI 10.62127/aijmr.2024.v02i05.1105
DOI https://doi.org/10.62127/aijmr.2024.v02i05.1105
Short DOI https://doi.org/g8nqb6
View / Download Full-text Research PDF File

Share this



E-ISSN 2584-0487
Downloads
Cover Page Vol 2 Isu 5 Cover Page Vol 2 Isu 4 Cover Page Vol 2 Isu 3 Research Paper Format

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About AIJMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9328-605090 editor@aijmr.com