BLOCKCHAIN BEYOND BITCOIN: SECURING SUPPLY CHAIN TRANSPARENCY FROM SOURCE TO SHELF
Author(s): Achara Larry Ogochukwu, Ndukwe-Tochi Chinwe Chosen, Okpara Maduabuchi Roy, Agbaraevoh Roseline Chinasa
Institute(s): Department of Management, Abia State University
Volume 4 / Issue 1
Abstract
Blockchain technology has emerged as a transformative tool in supply chain management, addressing critical challenges such as transparency, traceability, security, and operational efficiency. This study examines blockchain's impact in high-stakes industries, including pharmaceuticals, food, and luxury goods, where authenticity, regulatory compliance, and consumer trust are paramount. Using a quantitative research design, data from 600 supply chain professionals were analyzed through simple regression. The findings reveal that blockchain significantly enhances supply chain visibility, reduces counterfeit risks, and improves data security and operational performance. However, challenges such as scalability, interoperability, and high initial implementation costs persist. The study contributes to the growing body of research on blockchain by providing empirical evidence of its benefits while highlighting areas for further development. Recommendations include exploring crossindustry blockchain standards, scalable protocols, and cost-effective integration solutions. These insights serve as a guide for industry practitioners, policymakers, and researchers seeking to leverage blockchain for supply chain innovation.
Number of Pages: 13
Number of Words: 4774
First Page: 100
Last Page: 111