Blockchain Technology in the Supply Chain: The Benefits and Challenges

The purpose of this research is to explain the current trend and recognize the benefits and challenges of blockchain technology in the supply chain. Blockchain technology enables organizations in the supply chain to become decentralized operations that are more secure and transparent than traditional forms. Blockchain technology has many benefits that can help organizations; however, we consider the most important one: People focusing on and discussing how, when, who, and where to use it. In terms of the current trend in the use of blockchain technology in the supply chain, the findings show the statistics on the increase in articles in recent years, publications by country, and top authors regarding this particular topic. Furthermore, content analysis of 35 articles related to the benefits of blockchain technology in the supply chain was conducted, revealing such benefits as traceability, transparency, security, cost reduction, trust, and information sharing. It also emerged that the advantages of blockchain utilization are being reaped across several industrial sectors. According to our research findings, when combining blockchain technology with IoT, RFID, or other digital tools, this will increase the efficiency of such technology working in the supply chain.