A Survey of Blockchain-Enabled Supply Chain Processes in Small and Medium Enterprises for Transparency and Efficiency

Abstract

Supply chain activities in small and medium-sized businesses (SMEs) are made possible by blockchain technology, which offers a revolutionary means of enhancing transparency, efficiency, and trust in global networks. Cooperation between manufacturers, suppliers, logistics companies and consumers is enhanced by blockchain because it provides decentralized, secure peer-to-peer transactions that cannot be altered. All through the supply chain, it enables supply chain traceability, real-time data passing, smart contract execution, and reduces costs, preventing fraud and guaranteeing product authenticity. The features are specifically useful to SMEs which tend to be limited in resources, operational capacity and access to progressive digital tools. This paper highlights the ability of blockchain to build sustainable benefits through reduced inefficiency and enhanced accountability among stakeholders and examines the potential of blockchain to develop competitiveness in other sectors (agriculture, manufacturing, and pharmaceuticals) where transparency and compliance are essential. This study has shown that blockchain can transform SME supply chain management in a way that allows it to become resilient, innovative, and create long-term value. Blockchain implementation in smaller supply chains can help the SMEs to compete successfully in the dynamic markets and be able to adapt to the digital transformation that the world is turning towards.