Blockchain Technology in Supply Chain Management: Revolutionizing Logistics in Southeast Asia

Abstract

Background: Blockchain technology has emerged as a transformative tool for enhancing transparency, traceability, and efficiency in supply chain management. Its potential is particularly significant in the dynamic and complex logistics landscape of Southeast Asia.
Objective: To evaluate the impact of blockchain on supply chain operations in Southeast Asia and identify barriers to its widespread adoption.
Methodology: The study utilized case studies from five countries (Singapore, Indonesia, Vietnam, Thailand, and Malaysia), supported by interviews with 30 supply chain managers. Quantitative analysis assessed blockchain’s effects on cost reduction and operational efficiency.
Findings: Blockchain integration significantly improves traceability and reduces transaction costs by 15% on average. However, challenges such as high implementation costs, lack of skilled personnel, and regulatory uncertainty hinder its adoption. The study recommends regional collaboration to establish blockchain-friendly policies and develop workforce competencies.