Current Volume 8
Enhancing Global Trade Resilience through Blockchain Integration: Real-time Transparency and Traceability in Supply Chain Management in India
Abstract
The increasing frequency of global trade disruptions—ranging from pandemics and geopolitical tensions to port congestion and regulatory fragmentation—has exposed critical vulnerabilities in traditional supply chain systems, particularly in emerging economies like India. This paper explores how blockchain technology, as a decentralized, transparent, and immutable ledger system, can strengthen the resilience of India's export-oriented supply chains. Focusing on key sectors such as pharmaceuticals, textiles, and agriculture, the study examines the core components of blockchain—including smart contracts, distributed ledgers, and consensus mechanisms—and how they interface with logistics platforms, enterprise resource planning systems, and IoT devices to establish real-time traceability and accountability. Through an in-depth analysis of case applications and pilot programs in Indian states, this paper illustrates how blockchain enhances end-to-end visibility, mitigates compliance risks, and fosters trust among trade stakeholders. It further evaluates the economic and operational impacts, including improved lead times, fraud reduction, and streamlined customs processing, all contributing to enhanced trade competitiveness. The study identifies strategic barriers to adoption, such as digital infrastructure gaps, regulatory ambiguities, and low SME digital literacy, and offers policy and industry-level recommendations to overcome them. Ultimately, the paper underscores blockchain’s transformative potential to fortify India’s global trade position through a more transparent, secure, and collaborative supply chain ecosystem.
Keywords
Blockchain Integration, Supply Chain Transparency, Global Trade Resilience, India Export Sector, Real-Time Traceability, Digital Supply Chain Innovation
Citations
IRE Journals:
Aadit Sharma , Bolaji Iyanu Adekunle , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi , Omoniyi Onifade
"Enhancing Global Trade Resilience through Blockchain Integration: Real-time Transparency and Traceability in Supply Chain Management in India" Iconic Research And Engineering Journals Volume 3 Issue 10 2020 Page 354-363
IEEE:
Aadit Sharma , Bolaji Iyanu Adekunle , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi , Omoniyi Onifade
"Enhancing Global Trade Resilience through Blockchain Integration: Real-time Transparency and Traceability in Supply Chain Management in India" Iconic Research And Engineering Journals, 3(10)
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