Blockchain Technology as a Tool for Mitigating Environmental Sustainability in Supply Chain Networks

Blockchain technology has emerged as a promising tool for addressing environmental sustainability challenges within supply chain networks. This paper explores the potential of blockchain technology in mitigating environmental sustainability issues, with a particular focus on reducing carbon footprint. By enabling transparent, secure, and immutable transactions, blockchain can revolutionise supply chain networks by fostering trust and accountability. Smart contracts, a key feature of blockchain, automate and enforce predefined rules and conditions, enabling efficient and eco-friendly processes. Through the implementation of blockchain-based supply chain networks, stakeholders can effectively track and verify the origin, production, and distribution of goods, thereby reducing waste and unethical practices. Additionally, blockchain technology facilitates the measurement and reporting of carbon emissions, enabling organisations to accurately assess and reduce their environmental impact. This paper also examines the potential benefits, challenges, and future research directions for utilising blockchain technology as a tool for promoting environmental sustainability in supply chain networks.