Implementing Blockchain Technology for Optimized Supply Chain and Enhanced Sustainability

Bagraff, Halida Achmad and Kholis, Nur and Mugiyati, Mugiyati and Nabila, Fatikhah Ghofi (2024) Implementing Blockchain Technology for Optimized Supply Chain and Enhanced Sustainability. International Journal of Innovative Science and Research Technology, 9 (8). pp. 1697-1702. ISSN 2456-2165

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Abstract

Supply chain efficiency, transparency, and sustainability can be enhanced using blockchain technology. Blockchain enables a company to accurately track raw material origin to finished products, which ensures standard quality and sustainability. Furthermore, blockchain improves partnerships between supply chain stakeholders by providing a confident, common platform for sharing data. The influence of implementing blockchain technology on supply chain sustainability includes reduced wastage, increased resource
transparency, monitoring of social standards, and reduced operational costs. The challenges of blockchain implementation include scalability, incorporation with present systems, lack of expertise, safety and confidentiality, and regulatory uncertainty. Companies can tackle these challenges through collaborative approaches and technical improvements. In general, blockchain technology significantly enhances supply chain sustainability and efficiency, which provides opportunities for creative business solutions.

Item Type: Article
Creators:
Creators
Email
NIDN
Bagraff, Halida Achmad
UNSPECIFIED
UNSPECIFIED
Kholis, Nur
nurkholis@uinsa.ac.id
2011036701
Mugiyati, Mugiyati
UNSPECIFIED
UNSPECIFIED
Nabila, Fatikhah Ghofi
UNSPECIFIED
UNSPECIFIED
Uncontrolled Keywords: Blockchain technology; sustainability; supply chain
Subjects: 14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics
14 ECONOMICS > 1402 Applied Economics > 140215 Public Economics- Taxation and Revenue
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability > 150103 Financial Accounting
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150309 Logistics and Supply Chain Management
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1501 Accounting, Auditing and Accountability
Divisions: Fakultas Ekonomi dan Bisnis ISlam > Manajemen
Depositing User: Dr. Nur Kholis
Date Deposited: 24 Sep 2024 03:02
Last Modified: 24 Sep 2024 03:02
URI: http://repository.uinsa.ac.id/id/eprint/3457

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