Blockchain Technology for Supply Chain Finance: Enhancing Transparency, Security, and Efficiency in Trade Finance Operations

EasyChair Preprint 14334

Abstract

Blockchain technology has emerged as a transformative force in supply chain finance, promising to enhance transparency, security, and efficiency in trade finance operations. This paper explores the integration of blockchain within supply chain finance, focusing on its potential to address key challenges such as fraud, inefficiency, and lack of visibility. By leveraging decentralized ledgers and smart contracts, blockchain enables real-time tracking of goods and financial transactions, thereby improving the accuracy and reliability of data. The paper examines case studies and pilot projects demonstrating blockchain’s impact on reducing operational costs, streamlining processes, and increasing trust among stakeholders. Furthermore, it discusses the implications of blockchain technology for regulatory compliance and risk management, highlighting its role in fostering a more secure and transparent trade finance ecosystem. The findings suggest that blockchain has the potential to revolutionize supply chain finance by creating a more accountable and efficient system, ultimately contributing to the growth and resilience of global trade.

Keyphrases: Blockchains, Chain Finance, Distributed Ledger Technology (DLT)

@booklet{EasyChair:14334,
  author    = {Abil Litty},
  title     = {Blockchain Technology for Supply Chain Finance: Enhancing Transparency, Security, and Efficiency in Trade Finance Operations},
  howpublished = {EasyChair Preprint 14334},
  year      = {EasyChair, 2024}}