Journal of Advances in Developmental Research

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Blockchain and IoT in Supply Chain Management: Transforming Transparency and Traceability

Author(s) Jay Patel
Country United States
Abstract The rapid advancement of digital technology has significantly impacted supply chain management (SCM). The integration of blockchain and the Internet of Things (IoT) has introduced new levels of transparency, security, and traceability in supply chain operations. Blockchain provides an immutable and decentralized ledger that records every transaction across the supply chain, while IoT enables real-time tracking and monitoring of products, assets, and environmental conditions. The combination of these technologies enhances visibility, improves operational efficiency, and increases stakeholder trust. Blockchain ensures data integrity and accountability through decentralized and encrypted records, while IoT provides real-time data on product location, temperature, humidity, and handling conditions. Together, these technologies enable predictive analytics, automated inventory management, and streamlined compliance with regulatory requirements.
This paper explores how the combination of blockchain and IoT enhances supply chain transparency, improves operational efficiency, and increases stakeholder trust. It discusses the technological foundation of blockchain and IoT, their individual and combined applications in supply chain management, and the challenges involved in implementing these technologies, including interoperability, scalability, and data security. The paper also examines future directions for integrating blockchain and IoT to build more resilient, agile, and sustainable supply chains. The findings highlight that companies that successfully implement blockchain and IoT will gain a competitive advantage by reducing costs, improving traceability, and enhancing customer satisfaction.
Keywords : Blockchain, Internet of Things (IoT), supply chain management, transparency, traceability, smart contracts, asset tracking, real-time monitoring, predictive analytics, automated inventory management, decentralized ledger, consensus mechanism, cryptographic hashing, data integrity, RFID tags, GPS tracking, environmental sensors, fraud prevention, product authenticity, supply chain visibility, operational efficiency, scalability, interoperability, regulatory compliance, cyber security, smart logistics, automated dispute resolution, ethical sourcing, supply chain resilience.
Field Engineering
Published In Volume 13, Issue 2, July-December 2022
Published On 2022-11-03
Cite This Blockchain and IoT in Supply Chain Management: Transforming Transparency and Traceability - Jay Patel - IJAIDR Volume 13, Issue 2, July-December 2022. DOI 10.5281/zenodo.15104222
DOI https://doi.org/10.5281/zenodo.15104222
Short DOI https://doi.org/g8972f
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