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Using blockchain technology to maximize supply chain and logistics management in north America
1 Department of Global Supply Chain Management, Faculty of Business, University of New Haven, West Haven, CT, USA.
2 Department Supply Chain Management and Operations, Faculty of Business, University of Indianapolis, Indiana.
3 Department of management, John Wesley faculty of Leadership, Carolina University, Winston-Salem, NC, USA.
4 Department of Economics and Decision Sciences, Faculty of Social Sciences, Western Illinois University, Macomb, IL, USA.
5 Law Department, Davis Faculty of Law, University of California.
Research Article
International Journal of Science and Research Archive, 2024, 12(02), 854–863.
Article DOI: 10.30574/ijsra.2024.12.2.1096
Publication history:
Received on 07 May 2024; revised on 21 June 2024; accepted on 24 June 2024
Abstract:
This study explores the application of blockchain technology in optimizing supply chain and logistics management within North America. Through qualitative thematic analysis, three key objectives were addressed: identifying benefits, examining implementation challenges, and assessing barriers to adoption. The analysis highlights significant benefits of blockchain adoption, including enhanced trust, transparency, automation, traceability, and data security, supported by findings from various studies. However, implementation challenges such as system design complexity, resistance to change, and inadequate IT staff pose obstacles to adoption. Furthermore, barriers to widespread adoption, such as the absence of a proper legal framework and the capital-intensive nature of blockchain adoption, were identified. These barriers underscore the need for collaborative efforts to address regulatory uncertainties and financial constraints. It was suggested that further studies could explore the long-term impacts of blockchain technology on supply chain resilience and sustainability, as well as investigate strategies to overcome implementation challenges and maximize the technology's potential across diverse industries and regions.
Keywords:
Blockchain Technology; Supply Chain; Logistics Management; Logistics Optimization; North-America
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Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
