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Open Access Journal Article

Blockchain-Based Supply Chain Traceability and Transparency Solutions

by Emma Smith 1,*
1
Emma Smith
*
Author to whom correspondence should be addressed.
ISTI  2020 2(2):15; https://doi.org/10.69610/j.isti.20201221
Received: 23 October 2020 / Accepted: 12 November 2020 / Published Online: 21 December 2020
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Abstract

This paper explores the role of blockchain technology in enhancing supply chain traceability and transparency. Supply chains are complex networks that involve multiple stakeholders, and ensuring the integrity and accountability of these chains is crucial for various industries. Blockchain, with its immutable ledger, decentralized nature, and cryptographic security, offers a promising solution to address the challenges associated with supply chain management. The abstract discusses the current state of supply chain traceability, the limitations of traditional methods, and how blockchain can revolutionize the way products are tracked and verified. It examines various applications of blockchain in the supply chain, including product provenance, authentication, and fraud prevention. The paper also addresses the potential benefits of blockchain-based solutions in terms of reducing costs, improving customer satisfaction, and ensuring regulatory compliance. Furthermore, it acknowledges the existing challenges and limitations of blockchain technology, such as scalability, interoperability, and regulatory frameworks, and suggests potential solutions to overcome these barriers.

Keywords: Blockchain technology, Supply chain traceability, Transparency solutions, Decentralized ledger, Cryptographic security.;
Copyright: © 2020 by Smith. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Smith, E. Blockchain-Based Supply Chain Traceability and Transparency Solutions. Information Sciences and Technological Innovations, 2020, 2, 15. https://doi.org/10.69610/j.isti.20201221
AMA Style
Smith E. Blockchain-Based Supply Chain Traceability and Transparency Solutions. Information Sciences and Technological Innovations; 2020, 2(2):15. https://doi.org/10.69610/j.isti.20201221
Chicago/Turabian Style
Smith, Emma 2020. "Blockchain-Based Supply Chain Traceability and Transparency Solutions" Information Sciences and Technological Innovations 2, no.2:15. https://doi.org/10.69610/j.isti.20201221
APA style
Smith, E. (2020). Blockchain-Based Supply Chain Traceability and Transparency Solutions. Information Sciences and Technological Innovations, 2(2), 15. https://doi.org/10.69610/j.isti.20201221

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