Leveraging Blockchain for Transparent Supply Chain Communication: Enhancing Trust and Traceability

Abstract

This study investigates how blockchain technology might improve supply chain communication in order to increase traceability, transparency, and trust. Limited visibility and information silos are common problems in traditional supply chains, which can result in fraud, inefficiencies, and stakeholder mistrust. By establishing a transparent and safe environment where every transaction is documented and available to all pertinent parties, blockchain technology, with its decentralized and unchangeable ledger, presents a viable answer. This study investigates the advantages and difficulties of blockchain adoption in supply chains using a combination of quantitative surveys and qualitative interviews with specialists in the field. Results show that supply chain efficiency gains and a notable decline in fraud events are strongly correlated with blockchain usage. These results underscore blockchain's potential as a transformative tool for building a reliable and transparent supply chain network that enhances stakeholder confidence and operational accountability. This research contributes valuable insights for practitioners and provides a foundation for future studies on blockchain's role in global supply chain management.