Blockchain-Supported Supplier Compliance Management Frameworks for Smart Procurement in Public and Private Institutions
Abstract
The evolving landscape of procurement demands greater transparency, accountability, and automation across both public and private sectors. Traditional supplier compliance systems are often fragmented, prone to manual error, and vulnerable to fraud, leading to inefficiencies and regulatory risks. This review explores the integration of blockchain technology into supplier compliance management frameworks as a strategic solution to enhance procurement intelligence. Blockchainās decentralized, immutable ledger offers real-time auditability, secure smart contracts, and tamper-resistant verification mechanisms that support end-to-end visibility across supply chains. The paper critically examines how blockchain-enabled compliance systems can automate supplier onboarding, enforce contract terms, monitor regulatory adherence, and generate compliance reports in real-time. Furthermore, it analyzes case studies and pilot projects demonstrating successful implementations in government procurement and enterprise resource planning. The study concludes by identifying technical, regulatory, and organizational enablers and barriers, while proposing a research agenda to standardize blockchain-driven compliance models for scalable smart procurement ecosystems.
Community
0 commentsNo discussion yet
Be the first to share a question or observation.