Leveraging Blockchain for Transparent and Efficient Supply Chain Management: Business Implications and Case Studies

Ankur Sarkar; S A Mohaiminul Islam; A J M Obaidur Rahman Khan; Tariqul Islam; Rakesh Paul; Md Shadikul Bari

doi:10.36948/ijfmr.2024.v06i05.28492

Leveraging Blockchain for Transparent and Efficient Supply Chain Management: Business Implications and Case Studies

Author(s)	Ankur Sarkar, S A Mohaiminul Islam, A J M Obaidur Rahman Khan, Tariqul Islam, Rakesh Paul, Md Shadikul Bari
Country	United States
Abstract	Blockchain technology has surfaced as a revolutionary response to important challenges in supply chain management, such as a scarcity of transparency, inefficiencies, and potential for fraud. This study looks into the implementation of blockchain in supply chain systems, focusing especially on improving transparency, operational efficiency, and the trust among stakeholders. The analysis of genuine case studies in retail, logistics, and manufacturing illustrates the ways blockchain facilitates better traceability, cuts transaction times, and increases security via immutable and valid records. This study uses a mixed-methodology by blending quantitative data analytics from secondary sources with qualitative observations from reports in the industry. Findings point to the fact that adopting blockchain technology has improved supply chain efficiency by 15-30% and reduced fraud by as much as 40%, together with a striking decrease in processing times throughout global logistics networks. The originality of this research is found in its complete examination of the economic and operational effects of blockchain, offering business leaders tactical insights on maximizing their supply chains through this technology. The paper culminates with suggestions for resolving implementation issues and tactics for extending blockchain solutions in complex international networks.
Keywords	Blockchain, Supply Chain Management, Transparency, Efficiency, Case Studies
Published In	Volume 6, Issue 5, September-October 2024
Published On	2024-10-05
Cite This	Leveraging Blockchain for Transparent and Efficient Supply Chain Management: Business Implications and Case Studies - Ankur Sarkar, S A Mohaiminul Islam, A J M Obaidur Rahman Khan, Tariqul Islam, Rakesh Paul, Md Shadikul Bari - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.28492
DOI	https://doi.org/10.36948/ijfmr.2024.v06i05.28492
Short DOI	https://doi.org/g688p6

View / Download PDF File

E-ISSN 2582-2160

doi

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads

Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 6 Cover Page Vol 6 Isu 5 Cover Page Vol 6 Isu 4

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9898-5948-55	editor@ijfmr.com

International Journal For Multidisciplinary Research

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Leveraging Blockchain for Transparent and Efficient Supply Chain Management: Business Implications and Case Studies

Share this