Blockchain Technology for Supply Chain Management to Increase Scalability and Efficiency

Blockchain innovation is praised for being a groundbreaking advancement. Many commentators consider the growth of the blockchain system to be dangerous. Blockchain innovation has garnered attention from users, leaders, and researchers worldwide. These organizations consider blockchain to be an extremely influential technology which is currently altering how businesses operate and how their supply chains are structured. Blockchain technology has the ability to significantly alter supply chain (SC) operations. Lately, a growing number of research studies have examined how blockchain may be used in the supply chain (SC), covering anything from enhancing protection to traceability and reengineering company processes. The use of blockchain in sectors like online purchasing, farming, government services, and so forth, in addition to operating tracking, is somewhat understood. We emphasize the opportunities, potential societal consequences, cutting-edge technology, noteworthy advancements, and difficulties that are related to this. We investigate how various industries, such as transportation, manufacturing, automotive, aviation, financing, creativity, power, healthcare, cultivating and meals, the net organization, and education, can achieve profitable enhancements through the use of blockchain-enabled innovations for enhanced visibility and better business processes across the board. The main purpose of this study is to explore the potential drivers of the supply-chain management's (SCM) possible embrace of blockchain-based technology (BCT), maybe as a pilot project. In order to promote the potential incorporating these two domains, it also proposes a conceptual structure for an SCM approach that incorporates BCT.