Student Scholars Journal

Student Scholars Journal

Blockchain Technology for Supply Chain Transparency in Developing Economies

By Wei Ming Lim
Published September 10, 2024 • Pages 1-25

Abstract

Supply chain transparency remains a critical challenge in developing economies, where complex networks often obscure product origins and ethical practices. This research investigates blockchain technology's potential to enhance transparency in agricultural and textile supply chains. We developed and pilot-tested a blockchain-based tracking system with 45 suppliers across Nigeria, India, and Colombia, monitoring 2,300 product batches over eight months. Results demonstrate 96% accuracy in product traceability and 42% reduction in counterfeiting incidents. Economic analysis reveals implementation costs decrease by 60% when deployed at scale. The study provides a practical framework for blockchain adoption in resource-constrained environments.

Publication Information

Journal Details

Journal:Student Scholars Journal
Volume:1
Issue:3
Pages:1-25
Year:2024

Publication Timeline

Received:August 21, 2024
Revised:August 28, 2024
Accepted:September 4, 2024
Published:September 10, 2024

Article Metrics

Article ID:ssj-2024-v1i3-001
Keywords:6 keywords
Subject Areas:3 areas
Authors:1 authors

Author Information

WML
Wei Ming LimCorresponding
Raffles Institution, Singapore
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