Beyond Ledgers: Exploring the Impact of Blockchain on Global Supply Chain Networks

Over recent years, the market has undergone significant transformations, evolving into a dynamic and demanding landscape that fosters intense competition. In this context, the supply chain emerges as a pivotal component for businesses to navigate and thrive in this ever-changing environment. The adaptability of businesses to the dynamic market is intricately tied to the supply chain’s ability to facilitate collaborative integration and flexibility. And supply chain market has started using blockchain as the main pillar for storing and assessing various data. This survey paper investigates the transformative influence of blockchain technology on the intricate dynamics of worldwide supply chains. Unveiling the Future: Beyond ledgers, this survey explores how blockchain innovation revolutionizes global supply chains, forging transparency, trust, and efficiency for a resilient tomorrow. The objective is to provide a comprehensive overview of current trends, applications, and challenges associated with the integration of blockchain in supply chain management. The paper delves into the multifaceted ways in which blockchain extends beyond traditional ledgers, offering an unparalleled level of transparency, traceability, and security in supply chain operations. By examining various use cases and implementations, the survey aims to elucidate the specific mechanisms through which blockchain reshapes global supply networks, fostering trust among stakeholders and optimizing operational efficiency. The survey also scrutinizes the legal and regulatory frameworks governing blockchain in supply chains, addressing potential obstacles to widespread adoption. By presenting a holistic view of the subject, the survey contributes to the ongoing discourse on the transformative potential of blockchain in revolutionizing how goods and information traverse the modern supply chain.