ABSTRACT

The implementation of blockchain technology in supply chain management (SCM) has the
potential to revolutionize the way businesses operate. Blockchain is a distributed ledger
technology that has the potential to revolutionize SCM by improving transparency,
traceability, and efficiency. However, it is important to understand the cost implications of
implementing blockchain before making a decision.

This systematic literature review examines the cost implications of implementing blockchain
in SCM from a holistic perspective. It identifies the key cost factors associated with
blockchain implementation, including hardware and software costs, implementation costs,
transaction fees, and integration costs. The paper also discusses the potential cost savings
that can be achieved through blockchain implementation, such as reducing the cost of fraud,
paperwork, and intermediaries, and improving supply chain efficiency.

To evaluate the cost-effectiveness of blockchain implementation in SCM, the paper proposes

a framework that considers the specific needs and benefits of each supply chain, as well as
the costs associated with implementation and operation.

Overall, the paper provides a comprehensive overview of the cost implications of

implementing blockchain in SCM, and offers valuable insights for businesses considering
adopting this technology.

Keywords: blockchain, supply chain, cost