Sustainable supply chains using blockchain technology: A literature review

Abstract

Responsible business practices are clearly necessary due to the growing complexity and globalization of today's supply networks. In order to learn how blockchain technology could improve supply chain sustainability, this literature review is being carried out. In order to adopt blockchain for sustainable supply chain management, it is necessary to synthesize current research, identify important trends, and assess the pros and cons of doing so. We made use of a systematic strategy by collecting appropriate peer-reviewed publications from leading scholarly databases such as Scopus and Web of Science. We then critically examine the selected publications to investigate themes, advantages, disadvantages, and potential future research directions about blockchain adoption. Through this review, we synthesize evidence supporting blockchain's enhanced accountability, traceability, and transparency, and weaknesses and potential future research areas. Blockchain technology has the potential to enhance supply chain accountability, traceability, and transparency, as the analysis indicates. In overcoming implementation challenges, subsequent research needs to be aimed at developing blockchain industry standards and solutions to scalability, as noted. Managers and executives looking to enhance their supply chains' sustainability performance through the use of blockchain will highly benefit from this review.