The Impact of Blockchain Technology on Supply Chain Production Strategies

Abstract

Blockchain technology, an innovation in supply chain management, helps improve business processes and increase trust with components such as immutability and clarity. Organizations are looking to increase their efficiency and effectiveness. Despite numerous studies, there is no complete understanding of the influences of blockchain on competitive manufacturing strategies in the supply chain and the four key dimensions (environment of uncertainty, decentralization, transparency, and security) of product quality and delivery. The purpose is to supply a complete account of the impact of blockchain technology on competitive production strategies in the supply chain, which is of an applied type and a survey-analytical method. The data was collected using a reliable and random questionnaire. The character of the questionnaire was measured using the reliability coefficient alpha coefficient (above 0.7) based on 123 valid responses and analyzed with SPSS and AMOS software. The results indicate the positive effects of four key dimensions of blockchain on competitive manufacturing strategies: 75% of respondents pointed to risk reduction, 68% to decentralization, 82% to improved transparency, and 70% to a positive impact on data security. These have led to increased confidence among stakeholders and improved supply chain performance. The importance and effectiveness of blockchain technology in improving product quality and delivery in the supply chain, as well as its impact on manufacturing strategies and the development of new theoretical models, are examined.