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Çodur S., Erkayman B.
Spectrum of Decision Making Applications, vol.2, no.1, pp.268-285, 2025 (Peer-Reviewed Journal)
Abstract
Blockchain technology has emerged as a transformative force in supply chain management, offering significant advantages such as enhanced transparency, traceability, trust, and immutability. These features address critical challenges in modern supply chains, including inefficiencies, fraud, and lack of trust among stakeholders. Despite its potential, the integration of blockchain technology into supply chains remains underexplored in both academic and industrial contexts. This systematic literature review aims to bridge this knowledge gap by examining the benefits and challenges of blockchain technology in supply chain applications. The findings highlight key advantages such as improved traceability, transparency, and cost efficiency, while also identifying challenges like high implementation costs, data privacy concerns, and technological immaturity. The review concludes that blockchain technology holds significant promise for revolutionizing supply chain management, but further research and practical applications are needed to fully realize its potential. This study provides a comprehensive foundation for future research and offers valuable insights for practitioners considering blockchain adoption in their supply chain operations.