Blockchain Technology in Supply Chain Management: A Comprehensive Overview

Kawino A. A.

Faculty of Education Kampala International University Uganda

ABSTRACT
Blockchain technology has emerged as a groundbreaking solution for addressing various challenges in
supply chain management (SCM). This paper provides a comprehensive overview of the integration of
blockchain technology into SCM, focusing on its definition, importance, key features, challenges,
applications, and future trends. The paper begins by elucidating the concept of blockchain technology and
its significance in fostering transparency, trust, and real-time data management in supply chains. It
explores the potential of blockchain in enhancing accountability, traceability, collaboration, and
decentralization across diverse industries and applications. Furthermore, the paper discusses the
challenges inherent in traditional SCM and how blockchain technology can mitigate these challenges,
particularly in areas such as transparency, traceability, and counterfeit prevention. Several real-world
blockchain applications in SCM are examined, including food safety, product authenticity, and supply
chain transparency. Finally, the paper explores future trends and implications of blockchain technology in
SCM, highlighting the need for deeper integration, development, and self-decentralization to create more
flexible and adaptive supply chain systems.
Keywords: Blockchain technology, Supply chain management, Transparency, Traceability, Counterfeit
prevention, Decentralization, Collaboration, Future trends

CITE AS: Kawino A. A. (2024). Blockchain Technology in Supply Chain Management: A
Comprehensive Overview. RESEARCH INVENTION JOURNAL OF RESEARCH IN
EDUCATION 3(2):79-89