Revolutionizing Global Trade: Blockchain for Transparent and Tamper-Proof Supply Chains

Authors: Srinivasa Kalyan Vangibhurathachhi

DOI: https://doi.org/10.37082/IJIRMPS.v13.i6.232830

Short DOI: https://doi.org/

Country: United States

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Abstract: As the volume and interconnectedness of global trade rise, there are growing challenges related to traceability, counterfeiting, regulatory compliance, and system inefficiencies. Blockchain technology offers a transformative solution for these challenges by providing decentralised, tamper-proof, and transparent ledgers that enable real-time visibility and trusted collaboration across stakeholders. This article explores the practical applications of blockchain in sectors such as food, pharmaceuticals, and cross-border logistics. It highlights how smart contracts, immutable records, and digital product passports enhance trust, automate compliance, and reduce fraud. It also addresses key adoption challenges, including integration, governance, and legal ambiguity, and offers strategic insights into how blockchain can reshape the future of global trade.

Keywords: Blockchain Technology, Supply Chain Transparency, Smart Contracts, Trade Compliance, Counterfeit Prevention

Paper Id: 232830

Published On: 2025-11-24

Published In: Volume 13, Issue 6, November-December 2025

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