Research on the use of blockchain technologies in supply chain management and their impact on transparency and efficiency of business operations

Abstract

This article examines the use of blockchain technologies in supply chain management and evaluates their impact on the transparency and efficiency of business operations. In recent years, blockchain has become one of the most discussed innovative solutions in the field of digital technologies. Its ability to ensure data transparency and reliability opens up new perspectives for improving supply chain management. The main goal of this study is to analyze how the implementation of blockchain technologies can optimize processes and increase trust among supply chain participants. To achieve these goals, both qualitative and quantitative research methods were used. In the first stage, the concept of blockchain and its key characteristics important for supply chains were detailed. Then, empirical data were collected through surveys and interviews with representatives of companies using blockchain. In the final stage, statistical processing of the information and the construction of models to assess the impact of blockchain technologies on the efficiency of supply chains were carried out. The results of the study showed that the application of blockchain technologies in supply chain management leads to a significant increase in process transparency. Positive aspects include improved traceability of goods, reduced time for data verification, and reduced risk of fraud. Additionally, blockchain ensures more efficient management of contracts and agreements, which helps reduce the number of conflict situations between partners. Quantitative analysis demonstrated that companies that have implemented blockchain show increased productivity and reduced operating costs. The obtained data confirm the hypothesis that blockchain technologies can significantly increase the efficiency and transparency of supply chain management. However, the study also revealed a number of problems and limitations associated with the implementation of this technology, such as the high cost of initial investments and the need to update infrastructure. An important success factor is also the readiness of partner companies to cooperate and adapt to new conditions. The implementation of blockchain technologies in supply chain management has the potential to significantly improve the transparency and efficiency of business operations. The study shows that blockchain systems can provide a high level of trust and process optimization, which, in turn, can lead to competitive advantages for companies. However, to achieve these results, it is necessary to consider various challenges and carefully plan the integration process.