Blockchain in Supply Chain Management: A Survey of Emerging Trends and Next-Generation Solutions

Abstract

Blockchain technology has emerged as a transformative solution for modernizing supply chain management, offering unprecedented transparency, traceability, and efficiency. This survey paper explores the emerging trends and next-generation solutions facilitated by blockchain in supply chains. By reviewing recent advancements, key applications, and the challenges faced by industries in adopting blockchain, we aim to provide a comprehensive understanding of how this technology is revolutionizing the management of goods, services, and information across global supply chains. Key areas covered include smart contracts, decentralized ledger systems, digital tokenization, and blockchain’s impact on supply chain visibility, security, and sustainability. Additionally, the paper discusses the integration of blockchain with other cutting-edge technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), to create intelligent, automated, and more resilient supply chains. Finally, the study identifies current barriers to blockchain adoption, such as scalability and interoperability issues, and suggests future directions for research and development in blockchain-driven supply chain solutions.