Matthew N. O. Sadiku, Samuel A. Ajayi, Janet O. Sadiku
Blockchain is a decentralized digital ledger for storing and recording transactions securely. It is a technology that securely records transactions—blocks—using multiple computers, which comprise the chain. Blockchain technology provides a secure and transparent way to record transactions without the need for intermediaries or centralized control. In a supply chain, blockchain technology acts as a decentralized, transparent ledger that records every transaction and movement of goods, enabling real-time tracking, improved traceability, and enhanced visibility for all participants throughout the supply chain. Blockchain enhances collaboration among supply chain stakeholders, fostering a more sustainable and ethical supply chain. In this paper, we will explore the adoption of blockchain in supply chain and how blockchain technology can help improve its operations.
Blockchain, Distributed Digital Ledger, Supply Chain, Supply Chain Management, SCM