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Blockchain Technology for Global Supply Chain

This study examines the integration of blockchain technology within global supply chain networks, focusing on the reduction of information asymmetry and the enh

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Abstract

This study examines the integration of blockchain technology within global supply chain networks, focusing on the reduction of information asymmetry and the enhancement of trust between disparate stakeholders. The author utilizes a comparative analysis of traditional database management versus decentralized ledger systems, highlighting the inherent benefits of cryptographic verification for auditing. The research explores the specific requirements for implementing a global-scale decentralized infrastructure, including the necessity for cross-border consensus mechanisms. The paper highlights the potential for blockchain to streamline customs and international trade compliance through automated verification. By analyzing the structural shift from centralized silos to shared ledger ecosystems, the author underscores the transformative potential of smart contracts in automating logistics workflows. The findings suggest that while technological maturity is rising, institutional alignment remains a prerequisite for success. Authors: P. Dudczyk Publication: Academic Paper Publication date: 2024-01-01

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Key findings

  • Blockchain reduces information asymmetry in complex global supply chains.
  • Cryptographic verification significantly lowers the costs associated with auditing.
  • Smart contracts enable the automation of customs and compliance workflows.
  • Global adoption requires harmonization of legal standards across jurisdictions.

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Citation

P. Dudczyk (2024). Blockchain Technology for Global Supply Chain. Academic Paper. https://ieeexplore.ieee.org/document/10529266
Canonical knowledge ID: research:blockchain-technology-for-global-supply-chain