Enhancing supply chain security and transparency with ai and blockchain integration for future-proof solutions

The objective of this review paper is to examine the integration of Artificial Intelligence (AI) and blockchain technology to enhance supply chain security and transparency, providing future-proof solutions for global industries. As the digital landscape evolves, traditional supply chain management methods face increasing vulnerabilities and inefficiencies. This paper reviews existing literature to assess the current challenges and potential benefits of integrating AI and blockchain in supply chains. The review highlights how AI enhances predictive analytics, demand forecasting, and operational efficiency, while blockchain ensures immutable, decentralized ledgers for real-time tracking and verification of goods. The synergy between these technologies offers unprecedented levels of transparency, enabling stakeholders to detect and respond to anomalies swiftly. Case studies across various industries demonstrate significant improvements in reducing fraud, counterfeiting, and human errors, alongside enhanced compliance with regulatory standards. Conclusions drawn from this review underscore the transformative potential of AI and blockchain in creating resilient, transparent, and secure supply chains. The integration of these technologies not only addresses current vulnerabilities but also lays the foundation for adaptive, intelligent supply chain networks capable of withstanding future disruptions. This paper provides actionable insights and practical frameworks for businesses and policymakers aiming to implement AI and blockchain solutions, emphasizing the importance of strategic planning, cross-industry collaboration, and continuous innovation in achieving long-term supply chain sustainability and security.

Authors

Publication Details

Journal
International Journal of Frontline Research in Science and Technology
Published
2024-10-19
DOI
https://doi.org/10.56355/ijfrst.2024.4.1.0052
Citations
9
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
4.76
Controls
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article

Enhancing supply chain security and transparency with ai and blockchain integration for future-proof solutions

Chikezie Paul- Mikki Ewim, Ngodoo Joy Sam-Bulya, Adeoluwa Omoyemi Yekeen
9 citations
International Journal of Frontline Research in Science and Technology
Big Data and Business Intelligence
4.76
article

Enhancing supply chain security and transparency with ai and blockchain integration for future-proof solutions

Chikezie Paul- Mikki Ewim, Ngodoo Joy Sam-Bulya, Adeoluwa Omoyemi Yekeen
article en
9 citations

Abstract

The objective of this review paper is to examine the integration of Artificial Intelligence (AI) and blockchain technology to enhance supply chain security and transparency, providing future-proof solutions for global industries. As the digital landscape evolves, traditional supply chain management methods face increasing vulnerabilities and inefficiencies. This paper reviews existing literature to assess the current challenges and potential benefits of integrating AI and blockchain in supply chains. The review highlights how AI enhances predictive analytics, demand forecasting, and operational efficiency, while blockchain ensures immutable, decentralized ledgers for real-time tracking and verification of goods. The synergy between these technologies offers unprecedented levels of transparency, enabling stakeholders to detect and respond to anomalies swiftly. Case studies across various industries demonstrate significant improvements in reducing fraud, counterfeiting, and human errors, alongside enhanced compliance with regulatory standards. Conclusions drawn from this review underscore the transformative potential of AI and blockchain in creating resilient, transparent, and secure supply chains. The integration of these technologies not only addresses current vulnerabilities but also lays the foundation for adaptive, intelligent supply chain networks capable of withstanding future disruptions. This paper provides actionable insights and practical frameworks for businesses and policymakers aiming to implement AI and blockchain solutions, emphasizing the importance of strategic planning, cross-industry collaboration, and continuous innovation in achieving long-term supply chain sustainability and security.

International Journal of Frontline Research in Science and TechnologyVol. 4(1)
Openalex Percentile: Top 5%
Big Data and Business Intelligence
4.76
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Enhancing supply chain security and transparency with ai and blockchain integration for future-proof solutions — Chikezie Paul- Mikki Ewim, Ngodoo Joy Sam-Bulya, et al. · International Journal of Frontline Research in Science and Technology (2024) | TGRS Research Map | TGRS