BLOCKCHAIN TECHNOLOGY IN SUPPLY CHAIN INFORMATION SYSTEMS: OPPORTUNITIES AND CHALLENGES

Abstract

Blockchain technology has gained significant attention as a potential solution for enhancing transparency, security, and efficiency in supply chain information systems. As industries increasingly adopt blockchain to improve operations, the need to understand its potential, challenges, and opportunities has become crucial. This paper explores the integration of blockchain technology into supply chain management, discussing how it can address issues such as data integrity, traceability, and fraud prevention. The paper also highlights the challenges, including scalability, interoperability, and the technological gap, that hinder widespread adoption. The research further examines case studies where blockchain has been successfully implemented in supply chains, offering insights into its role in improving supply chain resilience and trust. In conclusion, while blockchain technology holds promise, its full potential can only be realized through overcoming existing obstacles and embracing strategic implementation in diverse supply chain contexts.