The Role of Blockchain in Supply Chain Management

[Janyaporn Kengtrong]

Discuss the potential benefits and challenges of using blockchain technology to enhance supply chain efficiency, transparency, and traceability.

[Yiqi Gong]

One challenge is adoption and integration: Implementing blockchain technology requires collaboration and adoption from all stakeholders in the supply chain. Integrating legacy systems and processes with blockchain platforms can be challenging, necessitating a significant investment of time, resources, and change management efforts.