• In 2023, VeChain formed a strategic alliance with logistics leaders to deploy blockchain-based provenance solutions, significantly improving product traceability in the food supply chain.

• In 2022, IBM collaborated with Maersk to enhance the TradeLens blockchain platform, driving greater transparency and efficiency in global trade logistics.

In this report, the Blockchain Technology in Supply Chain Management Market has been segmented by Type, Protocol, Vertical and Geography.

Blockchain Technology in Supply Chain Management Market, Segmentation by Type

The Blockchain Technology in Supply Chain Management Market has been segmented by Type into Public, Private and Consortium.

Public
The public blockchain segment holds a notable share in supply chain management due to its transparency and decentralized structure. Around 45% of companies exploring blockchain integration prefer public networks for their open access and data immutability. It enables stakeholders to track product movement in real-time, reducing fraud and improving accountability. Its growing adoption across industries like retail and agriculture is driving significant market traction.

Private
The private blockchain segment is gaining momentum, accounting for nearly 35% of the market. It offers enhanced data control and privacy, making it ideal for enterprises seeking internal efficiency without public exposure. Industries such as pharmaceuticals and automotive are adopting private blockchains to streamline operations and comply with regulatory standards. Its closed network design ensures faster processing speeds and scalability.

Consortium
The consortium blockchain segment is witnessing increasing adoption, contributing to about 20% of the market share. It enables collaborative management among multiple organizations within a specific sector. By promoting shared responsibility and cost-efficiency, it’s particularly favored in logistics and food supply chains. Its hybrid nature offers a balance between transparency and control, attracting interest from various industrial alliances.

Blockchain Technology in Supply Chain Management Market, Segmentation by Protocol

The Blockchain Technology in Supply Chain Management Market has been segmented by Protocol into Bitcoin, Ethereum, Ripple Consensus Network, Hyperledger, R3's Corda, Symbiont Distributed Ledger and Others.

Bitcoin
The Bitcoin protocol accounts for approximately 18% of blockchain applications in supply chain management. Known for its robust security and widespread recognition, it is primarily utilized for transaction verification and immutable record keeping. However, its limited scalability and energy consumption challenges have led companies to use it selectively in low-volume, high-trust environments.

Ethereum
With nearly 30% market adoption, Ethereum leads due to its smart contract functionality and developer-friendly environment. It supports automated, trustless transactions and is widely implemented in asset tracking, provenance verification, and supplier contracts. Ethereum's flexible architecture continues to attract supply chain innovators across diverse sectors.

Ripple Consensus Network
The Ripple Consensus Network makes up about 10% of protocol usage, valued for its speed and low transaction costs. It is favored by supply chain firms dealing with cross-border payments and financial settlements. Ripple’s focus on instant liquidity and interoperability offers an edge in global logistics operations.

Hyperledger
Hyperledger contributes around 20% to the market, driven by its modular architecture and enterprise-grade performance. It supports permissioned networks that ensure data privacy and compliance across stakeholders. Used by manufacturing and retail giants, Hyperledger is ideal for complex, multi-party supply chains requiring high levels of trust and control.

R3's Corda
R3’s Corda represents roughly 8% of the supply chain blockchain space. It excels in confidential transactions and is tailored for regulated industries such as banking, insurance, and pharmaceuticals. Corda’s design enables secure, direct communication among participants, minimizing reconciliation delays.

Symbiont Distributed Ledger
The Symbiont Distributed Ledger holds close to 5% market share. It is known for its smart contract optimization and institutional-grade security. It finds niche adoption in areas like commodities trading and supply chain finance, where speed and precision automation are critical.

Others
The remaining 9% includes emerging protocols offering specialized features such as IoT integration, energy-efficient consensus mechanisms, and industry-specific customization. These protocols are gaining traction among startups and innovators testing next-gen blockchain solutions in supply chain applications.

Blockchain Technology in Supply Chain Management Market, Segmentation by Vertical

The Blockchain Technology in Supply Chain Management Market has been segmented by Vertical into Contract Management, Payment Systems, Procurement, Provenance, Ownership Transfer, Asset Tracking & Inventory Control and Others.

Contract Management
Contract management accounts for about 17% of blockchain applications in supply chains. It streamlines operations through automated smart contracts, ensuring real-time validation and reduced legal disputes. Companies are leveraging blockchain to eliminate paperwork and improve contract lifecycle visibility, especially in vendor and supplier management.

Payment Systems
Payment systems hold nearly 20% market share, thanks to blockchain's ability to enable secure, transparent, and instantaneous payments. It's particularly beneficial for cross-border transactions, reducing delays and transaction fees. The integration of cryptocurrency and stablecoin-based payments is further accelerating adoption in this space.

Procurement
The procurement segment represents around 14% of the market, using blockchain to enable supplier authentication, bid transparency, and real-time auditing. It ensures a tamper-proof procurement trail, reducing corruption and increasing trust between organizations and suppliers, especially in public sector and large-scale projects.

Provenance
Provenance tracking accounts for nearly 18% of blockchain deployment. It allows companies to verify product origin, quality, and compliance throughout the supply chain. This is particularly vital for luxury goods, pharmaceuticals, and agriculture, where traceability and consumer trust are critical.

Ownership Transfer
Ownership transfer contributes about 10%, leveraging blockchain for digital asset registration and transfer validation. This vertical ensures fraud prevention, especially in the movement of high-value goods and digital assets. Blockchain enables secure and irrefutable proof of ownership changes.

Asset Tracking & Inventory Control
With a share of approximately 15%, asset tracking and inventory control benefit from real-time monitoring, automated stock updates, and reduced shrinkage. The use of blockchain ensures visibility across warehouses, shipments, and distribution centers, helping reduce inventory mismatches and delays.

Others
The Others category makes up the remaining 6%, covering innovative use cases like risk management, warranty tracking, and compliance reporting. These applications highlight blockchain’s adaptability in enhancing supply chain efficiency beyond conventional roles.

Blockchain Technology in Supply Chain Management Market, Segmentation by Geography

In this report, the Blockchain Technology in Supply Chain Management Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Blockchain Technology in Supply Chain Management Market Share (%), by Geographical Region

North America
North America leads the market with a share of approximately 38%, driven by the presence of advanced infrastructure, early blockchain adopters, and strong regulatory support. The U.S. and Canada are actively implementing blockchain in logistics, retail, and manufacturing, further reinforcing their dominance in the region.

Europe
Europe accounts for nearly 25% of the market, thanks to growing adoption across automotive, food & beverage, and pharmaceutical sectors. Countries like Germany, the UK, and France are emphasizing supply chain transparency and compliance, fueling blockchain deployment for product traceability and customs clearance.

Asia Pacific
The Asia Pacific region holds about 22% of the market share, with rapid growth observed in China, India, and Japan. This growth is driven by increased investments in blockchain innovation, rising e-commerce penetration, and government support for supply chain digitization. The region is emerging as a hub for tech-driven logistics networks.

Middle East and Africa
Middle East and Africa contribute around 8%, with countries like the UAE and South Africa exploring blockchain for oil and gas logistics, agricultural exports, and customs automation. While still developing, the region shows promising potential due to initiatives aimed at enhancing cross-border trade transparency.

Latin America
Latin America captures nearly 7% of the market. Nations like Brazil and Mexico are exploring blockchain for inventory control, fraud detection, and import-export tracking. Government partnerships and pilot programs are driving awareness, though full-scale deployment is still in its early stages.

This report provides an in depth analysis of various factors that impact the dynamics of Blockchain Technology in Supply Chain Management Market. These factors include; Market Drivers, Restraints and Opportunities.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Need for end-to-end supply chain visibility
• Rising demand for counterfeit prevention tools

• Improved traceability in food and pharma sectors - The demand for improved traceability in the food and pharmaceutical sectors is driving significant growth in the blockchain technology in supply chain management market. These industries require strict monitoring of product origin, handling conditions, and transportation history to ensure safety, authenticity, and compliance with regulatory standards. Blockchain technology offers an immutable, transparent, and decentralized ledger that enhances visibility at every stage of the supply chain, helping companies detect contamination sources, prevent counterfeiting, and streamline recalls more efficiently.

  By enabling real-time data sharing among stakeholders, blockchain ensures that each transaction is securely recorded and easily auditable. This is especially critical in food and pharma, where regulatory bodies and consumers demand greater accountability. The integration of blockchain solutions not only improves operational efficiency but also builds trust with consumers and partners by validating product integrity. As a result, the growing need for reliable, end-to-end traceability is positioning blockchain as a transformative force in modern supply chain ecosystems.

Restraints:

• Limited awareness among supply chain players
• Integration barriers with legacy systems

• High deployment costs for SMEs - High implementation costs are a major constraint for small and medium enterprises considering blockchain in supply chains. Building and integrating blockchain systems requires investment in hardware, software, and talent. Unlike large corporations, SMEs often lack the financial and technical resources needed for such digital transformation. Customization and integration with legacy systems further increase costs, as blockchain platforms typically require dedicated development, security configurations, and ongoing maintenance. These barriers create hesitation among SMEs, who operate under tighter budgets and lower tolerance for disruptive change.

  Blockchain’s network value depends on ecosystem participation. When supply chain partners do not adopt uniformly, the benefits of transparency and traceability become fragmented, further discouraging smaller firms from investment. Until more accessible and cost-effective blockchain solutions become widespread, adoption among SMEs is likely to remain limited, restricting broader ecosystem efficiency and innovation.

Opportunities:

• Use in cold chain and perishables logistics
• Growth in sustainable and ethical sourcing

• Blockchain consortia for global trade platforms - Blockchain consortia are emerging as a transformative opportunity for global supply chain integration. These alliances involve multiple stakeholders ranging from manufacturers and logistics providers to regulators collaborating to build interoperable blockchain ecosystems. Such frameworks help standardize processes and reduce fragmentation across global trade routes.

  Through shared platforms, consortia minimize redundancy in documentation and improve data synchronization, thereby lowering costs and boosting operational efficiency. Members benefit from collective trust, reduced fraud, and streamlined regulatory compliance, all while maintaining competitive advantages within a secure environment.

  These group efforts also democratize access to blockchain by allowing smaller players to participate without investing heavily in infrastructure. SMEs gain exposure to advanced technologies and global networks they might otherwise be excluded from, improving visibility and integration in the value chain. As digital trade accelerates and supply chains face greater demand for speed, accuracy, and security, blockchain consortia will play a vital role in shaping next-generation trade platforms and expanding blockchain’s impact across industries.

Key players in Blockchain Technology in Supply Chain Management Market include:

• Abra
• Alphapoin
• Bitfury Group Limited
• Cisco Systems, Inc
• Bloq Inc
• Btl Group Ltd
• Digital Asset Holding Llc
• Digital Treasury Corporation
• Ethereum Foundation
• Factom
• IBM Corp
• Blockcypher Inc
• Microsoft
• Primechain Technologies Pvt. Ltd
• Skuchain

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Market Share Analysis
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis