Exploring the Synergy between Blockchain and AI for Supply Chain Transparency

Abstract

This paper explores the synergistic integration of blockchain technology and artificial intelligence (AI) to enhance transparency in supply chain management. As global supply chains grow increasingly complex and interconnected, the demand for reliable and real-time visibility has never been greater. Blockchain, with its immutable ledger and decentralized nature, offers a robust solution for tracking and verifying transactions, thereby ensuring data integrity and trust among stakeholders. Concurrently, AI's capabilities in data analysis, predictive modeling, and decision-making can augment blockchain's effectiveness by providing actionable insights and automating processes. This study investigates various use cases where the combination of blockchain and AI has demonstrated significant improvements in supply chain transparency, efficiency, and accountability. We also address the challenges and limitations of implementing these technologies together, such as interoperability, scalability, and data privacy concerns. Ultimately, this paper aims to provide a comprehensive framework for leveraging the strengths of blockchain and AI to foster a more transparent and resilient supply chain ecosystem.