Using blockchain technology to maximize supply chain and logistics management in north America

Abstract

This study explores the application of blockchain technology in optimizing supply chain and logistics management within North America. Through qualitative thematic analysis, three key objectives were addressed: identifying benefits, examining implementation challenges, and assessing barriers to adoption. The analysis highlights significant benefits of blockchain adoption, including enhanced trust, transparency, automation, traceability, and data security, supported by findings from various studies. However, implementation challenges such as system design complexity, resistance to change, and inadequate IT staff pose obstacles to adoption. Furthermore, barriers to widespread adoption, such as the absence of a proper legal framework and the capital-intensive nature of blockchain adoption, were identified. These barriers underscore the need for collaborative efforts to address regulatory uncertainties and financial constraints. It was suggested that further studies could explore the long-term impacts of blockchain technology on supply chain resilience and sustainability, as well as investigate strategies to overcome implementation challenges and maximize the technology's potential across diverse industries and regions.