The impact of blockchain technology on supply chain efficiency: A review

Abstract

As intricate global trade demands new solutions, traditional supply chains struggle with opacity, traceability, and security concerns. In response to the present apprehensions, Blockchain technology (BT) offers an appealing solution through its decentralised and transparent ledger. This paper critically examines the transformative impact of BT on supply chain efficiency, exploring its potential to revolutionise traditional, often opaque, and error-prone systems. This study utilises a systematic literature review of 75 selected papers to provide insights into how blockchain technology is integrated into supply chain management, showcasing its potential. The paper aims to provide a balanced and nuanced perspective on the impact of blockchain technology on supply chain efficiency. It highlights the transformative potential of this technology while emphasising the need for careful consideration of its challenges and limitations before wide-scale adoption.

Keywords

• blockchain technology
• supply chain efficiency
• supply chain management