Role of Block Chain Technology Challenges in Supply Chain Management

Supply Chain Management is the backbone of any business balancing efficiency, agility, and sustainability through technologies. The technology enhances the operation of the supply chain in various industries such as food and agriculture, pharmaceuticals, retail and e -commerce, automotive, healthcare, fashions, and logistics. The government provides subsidies and benefits to small and medium enterprises for the adoption of blockchain. The policymakers establish a well -defined framework and promote trust in the businesses. The clear framework and cost -sharing models create trust in the adoption of technologies. The energy -intensive process of blockchain helps to adapt and overcome the challenges for sustainability in supply chain management.