AI and Blockchain Integration for Sustainable Supply Chain Transparency: Challenges and Opportunities

Abstract

The global supply chain is a complicated chain and it has the suppliers, manufactures, distributors and the consumers. The old systems have been associated with inefficiencies, lack of real time information, visibility that leads to fraud, delays and environmental wastages. AI and Blockchain technologies provide the opportunities to make the supply chains more visible and sustainable. blockchain-based decentralized immutable ledger can be used to provide secure verifiable data along the chain and AI can be used to optimise the processes and predict demand and inefficiencies. When the latter arrives in combination, traceability is boosted, fraud is driven to minimum and ethical sourcing plus sustainability are encouraged. The given paper establishes AIs and Blockchain combination and mentions such advantages of the partnership as real-time monitoring or predictive analytics. Nevertheless, the issue of data confidentiality, size and legal issues need to be taken care of in order to have a successful implementation. The industry has case studies and examples of their application that can give some idea of how they have been applied in practice and some idea of how the obstacles to adoption can be lessened and how sustainable practice can be achieved.