Blockchain technology for sustainable supply chains: A comprehensive review and future prospects

Abstract

As global concerns about environmental sustainability and ethical sourcing continue to rise, supply chain management faces increasing pressure to adopt transparent and accountable practices. This research paper provides a comprehensive review of the application of blockchain technology in the pursuit of sustainable supply chains. By leveraging the decentralized and immutable nature of blockchain, organizations can enhance transparency, traceability, and overall sustainability throughout the supply chain. The paper reviews existing literature, analyzes real-world case studies, and identifies key benefits and challenges associated with implementing blockchain in supply chain management. Furthermore, the research explores potential future developments and innovations in blockchain technology that could further advance sustainable practices within global supply chains. This study contributes to the growing body of knowledge on the intersection of blockchain technology and sustainable development, offering insights for academics, practitioners, and policymakers.