Leveraging Blockchain Technology for Optimized Supply Chain Management
Leveraging Blockchain Technology for Optimized Supply Chain Management

Summary/Abstract: The incorporation of decentralized technology into supply chain management is potentially constrained by sustainability-related obstacles, mostly those related to environmental and social responsibilities. The operational processes of authenticating transactions and preserving decentralized digital records necessitate considerable energy consumption, which in turn heightens carbon dioxide emissions. Intensive energy demand and emission levels may oppose the environmental stewardship objectives of breweries that aim to advance ecological practices, thereby rendering technology adoption uncertain. This research aims to explore the influence of digital ledger systems on supply chain management in selected brewery companies, with particular attention on the extent to which block chain-enabled transparency, and internet-based applications, enhances real-time monitoring and traceability within supply networks. This research applied a correlational survey approach, employing a questionnaire as the principal tool for data collection from a population of 2,100 staff members. Utilizing the Taro Yamane sampling technique, a sample size of 336 participants was established. The distribution of the survey followed a proportionate allocation procedure across Rivers State, Bayelsa, Akwa Ibom, Delta, and Edo State in Nigeria. From the 336 questionnaires administered, 321 were successfully retrieved and considered valid for analysis, while 15 were excluded due to non-response or incomplete data. The hypotheses were tested statistically through bivariate linear regression and Pearson correlation; both conducted at a 5% level of significance. The study found that decentralized nature technology significantly improves real-time goods traceability (p = .016 < 0.05). Similarly, internet bases system showed a significant positive impact on traceability (p = .000 < 0.05). The researchers recommend that managers leverage collaborative technologies to strengthen supplier relationships, enhance coordination, and reduce supply chain disruption risks. They also advise regular reviews of technological performance to ensure ongoing alignment with strategic priorities and market needs. This research advances scholarly discourse by highlighting critical challenges and advocating investment in staff training across all organizational levels to enhance understanding of blockchain technology and its capacity to create immutable, transparent records of transactions within supply chain operations. Furthermore, the study adds value to existing literature by offering a novel perspective that integrates both contextual insights and methodological rigor to address existing knowledge gaps. Implementing distributed ledger technology within supply chain management frameworks could significantly improve transparency and foster stronger trust-based relationships between Nigerian brewery firms, their stakeholders, and end users across the supply chain network.

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