BLOCKCHAIN TECHNOLOGY FOR SECURE AND TRANSPARENT SUPPLY CHAIN MANAGEMENT

Abstract

Supply chain management (SCM) faces numerous challenges including lack of transparency, data tampering, and inefficient traceability. Blockchain technology, with its decentralized, immutable, and transparent ledger system, offers a transformative approach to address these challenges by enhancing trust and security in supply chains. This paper explores the architecture and applications of blockchain in SCM, focusing on transparency, security, and efficiency improvements. It further discusses challenges and implementation strategies within Pakistan’s industrial context. Empirical data and survey-based readiness assessments underscore the potential and obstacles for blockchain adoption. Finally, strategic recommendations for integrating blockchain into Pakistan’s supply chains are proposed.