Unlocking Greener Growth: How Blockchain Reshapes Supply Chains For Eco-Entrepreneurs

Abstract

This study examines how blockchain technology is transforming supply chains in the eco-entrepreneur using the three concepts of transparency, efficiency and sustainability. Some of the challenges associated with traditional supply chains include, reduced trace-ability, slow deliveries and the inability to monitor the environmental impact. To overcome them, 4 algorithms, namely Blockchain Transaction Verification (BTVA), Supply Chain Optimization using Smart Contracts (SCO-SC), Eco-Score Prediction (ESP), and Decentralized Consensus Efficiency (DCEA), were then applied to a 500-transaction dataset of 20 eco-entrepreneur ventures. These experiments showed that the accuracy of verifying transaction was up by 96 percent, it took less days to process shipments (5 days to 3.6 days) and cost per order was reduced (revenue 75 to 103 per order). Supplier eco-score improved as on average increased by 75 to 86 with energy use per transaction decreasing 5 kwh to 2.1 kwh being an excellent benefit to the environment. The comparative analysis with conventional approaches showed that the adoption of blockchain demonstrates significant increase in efficiency of operations, cost-effectiveness, and eco- sustainability. The study emphasizes the fact that incorporation of blockchain in the management of supply chains contributes to more sustainable growth, as well as the enhancement of the trust, traceability and decision-making among the eco-entrepreneurs. The findings provide useful information on the businesses that are interested in achieving profitability and environmental stewardship.