• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Hands typing on keyboard, "Blockchain" displayed over city skyline. Addressing supply chain disruptions. - Supply Chain News

Blockchain’s Potential in Addressing Supply Chain Disruptions

10/13/2023
India and China Move to Rebuild Trade Ties Amid Tariff Pressures

India and China Move to Rebuild Trade Ties Amid Tariff Pressures

08/22/2025
YAZ Bilgi Sistemleri Nominated for the Prestigious Go Global Awards 2025

YAZ Bilgi Sistemleri Nominated for the Prestigious Go Global Awards 2025

08/22/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

08/22/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

08/22/2025
The Great Trade Reboot Launched in New York: AI-Powered Future of Global Trade Unveiled

The Great Trade Reboot Launched in New York: AI-Powered Future of Global Trade Unveiled

08/22/2025
Asian Central Banks Move Toward Steeper Rate Cuts as Tariffs Weigh on Growth

Asian Central Banks Move Toward Steeper Rate Cuts as Tariffs Weigh on Growth

08/22/2025
U.S. to Maintain 27.5% Tariff on European Cars Until E.U. Acts on U.S. Exports

U.S. to Maintain 27.5% Tariff on European Cars Until E.U. Acts on U.S. Exports

08/22/2025
Trump backs down from 250% EU pharma tariff in deal

Trump backs down from 250% EU pharma tariff in deal

08/22/2025
U.S. and E.U. Trade Deal Caps Tariffs on Exports at 15%

U.S. and E.U. Trade Deal Caps Tariffs on Exports at 15%

08/22/2025
International Trade Council and National Black Chamber of Commerce Sign MOU and Jointly Launch Free Publication and ADAMftd Access to Empower Black-Owned SMEs

International Trade Council and National Black Chamber of Commerce Sign MOU and Jointly Launch Free Publication and ADAMftd Access to Empower Black-Owned SMEs

08/22/2025
PsychTests AIM Inc. Nominated for Go Global Awards 2025

AI-Driven Psychometrics from Canada’s PsychTests AIM Inc. Transform Global HR Practices

08/20/2025
PsychTests AIM Inc. Nominated for Go Global Awards 2025

PsychTests AIM Inc. Nominated for Go Global Awards 2025

08/20/2025
supplychainreport
Monday, August 25, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Blockchain’s Potential in Addressing Supply Chain Disruptions

by Anne C
10/13/2023
in Blockchain in Supply Chain, Industry

In the face of increasing supply chain disruptions, blockchain technology is emerging as a potential solution for enhancing efficiency and oversight. Traditionally, many companies have limited visibility over their supply chains, often only directly aware of their immediate suppliers. This lack of comprehensive oversight is increasingly challenged by regulatory changes and crises, such as the semiconductor shortage, bans on specific materials, and the emphasis on tracking Scope 3 emissions. These factors are driving industries to seek a more complete mapping of their supply chains.

Blockchain’s Advantages in Supply Chain Management

YOU MAY ALSO LIKE

YAZ Bilgi Sistemleri Nominated for the Prestigious Go Global Awards 2025

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

Paul Brody, EY’s global blockchain leader, suggests that the era of minimal supply chain oversight is ending. Companies are recognizing the importance of understanding their supply chains to mitigate risks. Brody advocates for blockchain as a solution that could address some of the limitations of traditional supply chain tracking methods.

In contrast to conventional systems that silo information at different stages of the supply chain, blockchain allows for the creation of digital tokens that correspond to specific products or components. These tokens can move down the supply chain alongside the physical items, providing a comprehensive and dynamic record of their journey and provenance.

Efficiency and Accuracy Benefits

Blockchain’s detailed tracking can lead to more accurate inventory management, potentially reducing overhead costs and minimizing errors in data entry. This level of detail could be particularly useful in situations like identifying specific units affected by a defective batch in a product recall.

Challenges and Limitations

Despite its potential, blockchain does not completely eliminate the possibilities of human error or fraudulent activities. Suppliers might still forge documentation, and the technology still requires a degree of trust in third-party verification, such as audits.

Moreover, the adoption of blockchain in supply chain management faces challenges related to trust and privacy. Lower-tier suppliers may be hesitant to share sensitive information on a blockchain system owned by a larger, indirect customer. Additionally, Brody notes that most blockchain designs currently have significant privacy limitations.

Ongoing Developments for Enhanced Privacy

Brody and his team are working on improving the privacy aspects of blockchain supply chain maps. He believes that once these privacy concerns are addressed, blockchain could provide more transparent, accountable, and efficient solutions for supply chain management.

Conclusion

Blockchain technology holds the promise of revolutionizing supply chain management by offering greater transparency, efficiency, and accountability. However, its successful implementation will require overcoming challenges related to trust, privacy, and integration with existing systems. As these obstacles are addressed, blockchain could play a pivotal role in transforming how companies oversee and manage their supply chains.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#BlockchainInSupplyChain #SupplyChainEfficiency #SupplyChainTransparency #DigitalTokens #InventoryManagement #EYBlockchain #SupplyChainInnovation #Scope3Tracking #BlockchainForTracking #SupplyChainPrivacy #BlockchainChallenges #SupplyChainSolutions #TechInLogistics #PaulBrody #SupplyChainResilience #SupplyChainTracking

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.