Transforming Supply Chains: the Synergy of Generative AI and Blockchain Technology

EasyChair Preprint no. 12934

Abstract

Blockchain technology and generative artificial intelligence (AI) are reshaping the landscape of supply chains, offering unprecedented opportunities for transparency, traceability, and efficiency. This abstract delves into the convergence of generative AI and blockchain technology, elucidating their symbiotic relationship and transformative impact on supply chain processes.

Blockchain technology, characterized by its decentralized and immutable ledger, enhances transparency and traceability throughout the supply chain ecosystem. By recording transactions in a tamper-resistant manner, blockchain enables stakeholders to track the movement of goods, verify authenticity, and ensure compliance with regulatory standards. Moreover, blockchain fosters trust among participants by facilitating secure and transparent transactions, mitigating the risk of fraud and counterfeiting.

Generative AI, on the other hand, augments decision-making and automates tasks within the supply chain, leveraging advanced algorithms to analyze data, generate insights, and optimize processes. By harnessing vast datasets, generative AI enables organizations to forecast demand, optimize inventory levels, and streamline logistics operations with unparalleled accuracy and efficiency. Furthermore, generative AI facilitates autonomous decision-making, enabling adaptive responses to dynamic market conditions and unforeseen disruptions.

The convergence of generative AI and blockchain technology unlocks synergistic opportunities for supply chain optimization. Blockchain's transparent and immutable ledger provides a trusted foundation for data sharing and collaboration, facilitating the seamless integration of generative AI insights across the supply chain network. Moreover, blockchain enhances the verifiability and credibility of AI-generated insights, ensuring stakeholders can confidently rely on automated decision-making processes.

Keyphrases: Blockchain Technology, Generative AI, supply chains

@Booklet{EasyChair:12934,
  author = {Dylan Stilinski and Lucas Doris and Louis Frank},
  title = {Transforming Supply Chains: the Synergy of Generative AI and Blockchain Technology},
  howpublished = {EasyChair Preprint no. 12934},

  year = {EasyChair, 2024}}