An overview of blockchain technology and its adoption on supply change management: Insights from literature review

Blockchain technology, which uses the concept of a cryptocurrency, is employed in the management of currencies like bitcoin and others. But today, non-financial applications like Supply Change Management (SCM) can leverage blockchain as the management system. Comparing the current supply chain to new and cutting-edge technology reveals how inefficient, immobile, and unmanageable it is. Utilizing blockchain in SCM will help the business avoid third parties and increase transparency and traceability. A literature review has been done following the research method of a semi-systematic or narrative review approach. The time period of this general literature review was between March-July 2023. The purpose of the reviews was to know the fundamentals of blockchain technology and its adoption of non-financial platforms like SCM and the decision-making process for such adoption considering energy consumption. Besides, the impact of blockchain technology on the supply chain is discussed in this article. By reading this article, researchers and other relevant parties will gain insights into the adoption of blockchain in SCM and also about precautions.