Blockchain Technology and Its Impact on Supply Chain Management
Blockchain technology is revolutionizing supply chain management by offering enhanced transparency, increased efficiency, and improved security. Its decentralized, immutable ledger enables real-time tracking, fraud prevention, and automated processes through smart contracts. While challenges such as scalability and integration persist, innovations and successful case studies from companies like Walmart, De Beers, and Maersk illustrate blockchain’s transformative potential. The future of supply chain management will benefit from blockchain’s ability to create more efficient, transparent, and resilient supply chains.