The Application of Blockchain Technology in Enterprise Value Chain Cost Management

Abstract

This paper examines the application of blockchain technology in managing costs across the enterprise value chain. A literature review analyzes current research on blockchain-based supply chain management and cost optimization models. The methodology employs a case study approach to evaluate the implementation of blockchain platforms in reducing transaction fees, enhancing transparency, and streamlining operations. Results demonstrate measurable improvements in cost-efficiency, reporting accuracy, and partner collaboration. Tables illustrate quantitative impacts in areas including inventory holding reductions, contract enforcement savings, and lowered IT expenses. Findings suggest blockchain solutions enable robust tracking and coordination of end-to-end workflows, although further integration work is needed. In conclusion, blockchain technology shows promise in transforming enterprise value chains to be more responsive and economical.