Developing Scalable Blockchain Solutions for Supply Chain Management

Blockchain technology holds significant promise for transforming Spply Chain Management (SCM) by enhancing transparency, traceability, and efficiency. However, its widespread adoption is hindered by scalability challenges, particularly in high-volume transaction environments typical of modern supply chains. This research investigates the development of scalable blockchain solutions tailored for SCM, addressing these challenges through a mixed-methods approach. A comprehensive literature review, case studies of industry implementations, and a systematic methodology encompassing system design, simulation, testing, and evaluation were conducted. Key findings include insights into scalability issues of traditional blockchains, innovative solutions such as Layer 2 scaling and sharding, and practical implications for enhancing SCM operations. The research underscores the transformative potential of blockchain in SCM while providing actionable insights for industry stakeholders and policymakers.

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Publication Details

Journal
Non human journal.
Published
2024-08-29
DOI
https://doi.org/10.70008/nhj.v1i05.25
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Developing Scalable Blockchain Solutions for Supply Chain Management

gemini.google .com
Non human journal.
Blockchain Technology Applications and Security
article

Developing Scalable Blockchain Solutions for Supply Chain Management

gemini.google .com
article en

Abstract

Blockchain technology holds significant promise for transforming Spply Chain Management (SCM) by enhancing transparency, traceability, and efficiency. However, its widespread adoption is hindered by scalability challenges, particularly in high-volume transaction environments typical of modern supply chains. This research investigates the development of scalable blockchain solutions tailored for SCM, addressing these challenges through a mixed-methods approach. A comprehensive literature review, case studies of industry implementations, and a systematic methodology encompassing system design, simulation, testing, and evaluation were conducted. Key findings include insights into scalability issues of traditional blockchains, innovative solutions such as Layer 2 scaling and sharding, and practical implications for enhancing SCM operations. The research underscores the transformative potential of blockchain in SCM while providing actionable insights for industry stakeholders and policymakers.

Non human journal.Vol. 1(5)
Google (United States) (US), Jahangirnagar University (BD)
Industry, innovation and infrastructure
Openalex Percentile: Top 78%
Blockchain Technology Applications and Security
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