Blockchain and Supply Chain Transparency: A Global Overview

Abstract

Blockchain technology offers promising solutions for enhancing transparency and accountability in supply chains. This paper provides a global overview of how blockchain is being used to improve supply chain visibility and reduce fraud, with case studies from industries such as food, pharmaceuticals, and electronics. We analyze data from blockchain implementations in the UK, USA, and China, highlighting its impact on traceability, sustainability, and stakeholder trust. The study finds that blockchain increases the ability to track products from origin to end consumer, reducing instances of counterfeiting and improving regulatory compliance. However, challenges such as high costs and technological integration remain barriers to widespread adoption. The paper concludes with recommendations for future research and policy measures to facilitate blockchain adoption in global supply chains.