Transforming Supply Chain Management with Blockchain

This white paper presents a blockchain-based solution aimed at addressing challenges within supply chain management. It outlines the issues caused by isolated legacy systems, which lead to information gaps, difficulties in data integration, and challenges in product traceability. The paper details how blockchain technology can create a unified and secure network for stakeholders, enabling real-time tracking of product journeys and enhancing transparency. It discusses the architecture of the proposed system, involving various entities such as producers, manufacturers, and distributors, all operating within a Hyperledger Fabric network. The solution aims to improve collaboration, reduce fraud, and ensure regulatory compliance by providing immutable records of transactions. Additionally, the paper identifies potential challenges in adopting blockchain technology, such as the integration of existing systems and the need for effective data analysis. The conclusion emphasizes the importance of combining blockchain with complementary technologies to fully realize its benefits in transforming supply chain processes.