Blockchain Compliance in Supply Chain Regulations: A Comprehensive Overview

In the current paper, it provides a clear and comprehensive perspective concerning the role of blockchain systems technology and the manner in which regulatory concerns are promulgated in today’s supply chain. This paper draws on relevant literature, case analyses, and the views of practitioners to shed light on practical applications of blockchains for compliance issues in contemporary supply chains. Some of the prominent block-chain applications looked into are – tracing and tracking, smart contract, identity, and privacy in data. Therefore, in this study, the main outcomes of the comparative analysis and discussion of the case studies and the key findings on the usage of blockchain compliance solutions are outlined below. Although the blockchain technology is still in the process of infancy, it presents many prospects to increase the levels of transparency, efficiency, and trust in supply chain ecosystems; however, bearing problems such as scalability, interoperability, regulatory challenges, as well as security threats. Overcoming all these challenges while building a focus on these opportunities, stakeholders in the supply chain can harness blockchain’s transformative power to integrate through regulatory challenges, risks, and ethical and sustainable supply chain considerations.