The Impact of Blockchain Technology Implementation in Supply Chain Management: A Literature Review

Abstract

Blockchain technology has become an innovation with the potential to transform supply chain management by enhancing transparency, efficiency, and security in business processes. Blockchain-based systems enable decentralized, immutable, and verifiable transaction recording by all parties involved, thereby reducing the risk of data manipulation and increasing trust among supply chain actors. This research aims to review the impact of blockchain technology implementation in supply chain management, focusing on key benefits such as increased operational efficiency, reduced transaction costs, and enhanced product tracking capabilities. In addition, this research also identifies the challenges faced in the implementation of this technology, including high adoption costs, integration with existing systems, and regulations that are not yet fully supportive. Through this literature review, it is hoped that a deeper understanding of the potential and challenges in the implementation of blockchain in supply chains can be obtained, as well as optimal strategies for its application in various industries.