The impact of blockchain technology on supply chain transparency and efficiency

The research paper discusses how the benefits of blockchain technology, though at times contested, are very likely to make a lasting impact in bringing about enhanced transparency and further efficiency regarding supply chain management. Blockchain addresses big pain points; this research paper example addresses fraud and delays with fragmented data across supply chains by allowing a decentralized ledger mechanism in a secured manner. Next, by citing examples of Walmart's food traceability and Maersk's TradeLens, the paper goes on to demonstrate how blockchain ensures real-time tracking by automating verification processes. This example also discusses the challenges, such as high implementation costs and regulatory complexities, which make the adoption of blockchain low. Research papers like this provide useful insights for businesses and policymakers considering the path to integrate blockchain as a means to build more resilient and efficient supply chains.

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