Digitalization of Supply Chains Through Blockchain and Arithmetic Modelling

Companies see digitalization of supply chains as a priority in securing supply chains, making supply chains more transparent, and making supply chains more efficient. This paper addresses blockchain technology and arithmetic modeling as primary driving forces in supply chain optimization. Blockchain technology gives a decentralized, tamper-proof ledger for data transparency, traceability, and security in supply chain transactions. Arithmetic modeling, on its part, gives mathematical constructs of optimization, simulation, and predictive analysis for improved decision-making, resource planning, and operation optimization. The paper addresses the role of arithmetic modeling in supply chain process optimization, using cases of firms such as Coca-Cola and Unilever. The paper addresses further on the benefit of using blockchain along with arithmetic modeling in risk managing, scaling, and resource optimization. The outcome indicates a revolution in supply chains using these technologies, making supply chains resilient, efficient, and able to manage disruptions in the future.