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Enhancing Sustainability and Transparency in Food Supply Chains through Blockchain-Based Traceability, Smart Contracts, and Decentralized Data Security in E-Business Environment
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Currently, being considered is the pandemic of sustainability concerns along with the issues related to transparency and efficiency in the global food supply chain. In addition, blockchain technology is a transformational solution that facilitates stakeholders to build trust, operational efficiency and traceability. From management perspective, this research also examined the part that blockchain plays in the food supply chain including its possible effect or impact on sustainability, ethical sourcing, transparency as well as efficiency in food retail chain. This study’s methodology is quantitative research approach. The method in the study was a purposive sampling while survey questionnaires were used. A total of 280 participants have participated in the study. In this research, it was explored key blockchain applications as such as traceability systems, decentralized ledgers and smart contracts. Besides, blockchain improved the rate at which the supply chain worked through removing the inefficiencies, automating transactions and enhancing the workflow efficiency. It also reinforced trust by proper and clear product traceability and compliance with the regulatory standards and ethical sourcing. The results, however, suggest that blockchain technology holds the ability to undermine the handling of the supply chain where efficiencies in resource management and sustainable practices, fair trade, and convenient coordination are facilitated. Apart from the above, blockchain technology offers a solid suitable platform for boosting sustainability in operational efficiencies and streaming the food supply chain to the farthest point. But the adoption of this unnatural process continued and ultimately shaped the future of resilient and transparent food systems.
Keywords: Supply Chain Efficiency, Ethical Sourcing, Smart Contracts, Traceability, Transparency, Food Supply Chain and Blockchain.
Title: Enhancing Sustainability and Transparency in Food Supply Chains through Blockchain-Based Traceability, Smart Contracts, and Decentralized Data Security in E-Business Environment
Description:
Currently, being considered is the pandemic of sustainability concerns along with the issues related to transparency and efficiency in the global food supply chain.
In addition, blockchain technology is a transformational solution that facilitates stakeholders to build trust, operational efficiency and traceability.
From management perspective, this research also examined the part that blockchain plays in the food supply chain including its possible effect or impact on sustainability, ethical sourcing, transparency as well as efficiency in food retail chain.
This study’s methodology is quantitative research approach.
The method in the study was a purposive sampling while survey questionnaires were used.
A total of 280 participants have participated in the study.
In this research, it was explored key blockchain applications as such as traceability systems, decentralized ledgers and smart contracts.
Besides, blockchain improved the rate at which the supply chain worked through removing the inefficiencies, automating transactions and enhancing the workflow efficiency.
It also reinforced trust by proper and clear product traceability and compliance with the regulatory standards and ethical sourcing.
The results, however, suggest that blockchain technology holds the ability to undermine the handling of the supply chain where efficiencies in resource management and sustainable practices, fair trade, and convenient coordination are facilitated.
Apart from the above, blockchain technology offers a solid suitable platform for boosting sustainability in operational efficiencies and streaming the food supply chain to the farthest point.
But the adoption of this unnatural process continued and ultimately shaped the future of resilient and transparent food systems.
Keywords: Supply Chain Efficiency, Ethical Sourcing, Smart Contracts, Traceability, Transparency, Food Supply Chain and Blockchain.
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