Supply Chain Management Growth With the Adoption of Blockchain Technology (BoT) and Internet of Things (IoT)

Abstract

Globalization has posed many threats to managing supply chains and logistic networks. Blockchain technology and Internet of Things have outlined budding for answering global Supply Chain Management (SCM) issues. It is a distributed digital ledger platform that renders transparency, traceability, and security. This paper significantly analyzes 140 IT experts of BoT and IoT managers working in supply chain management. Smart PLS is employed, and the proposed model offers improved transparency, efficiency, security, and traceability, enabling faster decision-making, enhanced operational performance, and better collaboration among supply chain participants. As organizations increasingly recognize the benefits of BoT and IoT, we can expect to see widespread adoption and continued innovation in SCM. It is suggested that future study proposals and methods might suggest insights into overcoming supply chain obstacles.