Blockchain Technology: Revolutionizing Supply Chain Management

Abstract

Supply chain management (SCM) is a complex process involving the flow of goods, information, and finances from suppliers to end consumers. In today's globalized economy, supply chains have become more intricate and vulnerable to various disruptions, increasing the need for efficient management practices. Among the numerous technological advancements, blockchain technology stands out as a promising solution that could revolutionize supply chain management. This article explores how blockchain technology can contribute to more transparent, efficient, and secure supply chains.