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Open Access Journal Article

Distributed Ledger Technologies for Supply Chain Management

by James Johnson 1,*
1
James Johnson
*
Author to whom correspondence should be addressed.
ISTI  2021 3(2):23; https://doi.org/10.69610/j.isti.20211021
Received: 19 August 2021 / Accepted: 24 September 2021 / Published Online: 21 October 2021
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Abstract

The integration of Distributed Ledger Technologies (DLT) into supply chain management (SCM) represents a significant development in modern business operations. This paper explores the potential of DLT to enhance transparency, efficiency, and security in supply chains. By creating a decentralized and immutable ledger, DLT can facilitate end-to-end tracking of goods, reduce counterfeiting, and streamline transactions. We discuss the challenges and opportunities associated with implementing DLT in SCM, including the interoperability of different blockchains, scalability issues, and regulatory considerations. Furthermore, we highlight the various applications of DLT, such as smart contracts and provenance tracking, and their impact on the overall supply chain performance. The study concludes that while DLT presents a promising solution for SCM, its successful adoption requires careful planning, collaboration, and a supportive regulatory environment.

Keywords: Distributed Ledger Technologies (DLT), Supply Chain Management (SCM), Transparency, Blockchain, Smart Contracts.;
Copyright: © 2021 by Johnson. 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
Johnson, J. Distributed Ledger Technologies for Supply Chain Management. Information Sciences and Technological Innovations, 2021, 3, 23. https://doi.org/10.69610/j.isti.20211021
AMA Style
Johnson J. Distributed Ledger Technologies for Supply Chain Management. Information Sciences and Technological Innovations; 2021, 3(2):23. https://doi.org/10.69610/j.isti.20211021
Chicago/Turabian Style
Johnson, James 2021. "Distributed Ledger Technologies for Supply Chain Management" Information Sciences and Technological Innovations 3, no.2:23. https://doi.org/10.69610/j.isti.20211021
APA style
Johnson, J. (2021). Distributed Ledger Technologies for Supply Chain Management. Information Sciences and Technological Innovations, 3(2), 23. https://doi.org/10.69610/j.isti.20211021

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