Enhancing Supply Chain Transparency with Blockchain Integration in Enterprise Resource Planning Systems

Abstract

The study analyzes the prospects of using blockchain technology with ERP systems to increase supply chain transparency, minimize fraud, and optimize operational efficiency. The decentralized and immutable nature of blockchain guarantees the security and transparency of transactions throughout the supply chain. Key performance indicators like speed of transactions, integrity, and interoperability of the system were analyzed using Python. The paper establishes that the processes in the supply chain have great improvements after integration in the blockchain. Issues such as the compatibility of different systems, their high costs of implementation, and scalability problems are recognized. The study can be of great help to companies looking to adopt blockchain and preconditions further research on scalable integration policies.