Blockchain Technology Integration in Supply Chain Management: Opportunities and Challenges

This study examines the integration of blockchain technology in supply chain management, focusing on its potential to enhance transparency, traceability, and efficiency. As global supply chains become increasingly complex, the need for secure and decentralized systems has grown. Blockchain offers unique opportunities, including real-time tracking, tamper-proof record-keeping, and improved stakeholder trust. Through a review of current literature and real-world case studies across various industries such as food, pharmaceuticals, and logistics, the research highlights both the transformative potential and the significant challenges of blockchain adoption. These challenges include scalability, interoperability, regulatory uncertainty, and the high cost of implementation. Additionally, organizational resistance and lack of technical expertise can hinder widespread adoption. Despite these hurdles, the findings suggest that with strategic planning and collaboration, blockchain can revolutionize supply chain operations by fostering greater accountability and resilience. This paper contributes to the ongoing discourse by providing a balanced evaluation of blockchain’s role in modern supply chains and outlining the critical factors necessary for successful implementation.