Blockchain Integration in Critical Systems Enhancing Transparency, Efficiency, and Real-Time Data Security in Agile Project Management, Decentralized Finance (DeFi), and Cold Chain Management

Authors

  • Odunayo Akindotei College of Technology, Wilmington University, New Castle, Delaware, USA
  • Igba Emmanuel Department of Human Resource, Secretary to the Commission, National Broadcasting Commission Headquarters, Aso-Villa, Abuja, Nigeria
  • Babatunde Olusola Awotiwon Department Business Administration, University of South Wales, United Kingdom
  • Adah Otakwu Department of Physics, Joseph Sarwuan Tarka University, Makurdi, Nigeria

DOI:

https://doi.org/10.38124/ijsrmt.v3i11.107

Keywords:

Blockchain Adoption, Agile Project Management, Decentralized Finance (DeFi), Cold Chain Management, Regulatory Challenges, Data Privacy and Security

Abstract

Blockchain technology has garnered significant attention for its potential to revolutionize critical systems by enhancing transparency, efficiency, and data security. This review examines the integration of blockchain in three essential domains: Agile Project Management, Decentralized Finance (DeFi), and Cold Chain Management. By leveraging decentralized ledgers and smart contracts, blockchain provides a robust framework for real-time tracking, data integrity, and automated compliance, addressing long-standing challenges across these sectors. In Agile Project Management, blockchain fosters seamless collaboration and transparent decision-making, minimizing bottlenecks and improving accountability. In DeFi, blockchain strengthens security for digital transactions and identity verification while offering financial autonomy and mitigating fraud risks. Within Cold Chain Management, blockchain ensures traceability, reduces data tampering risks, and enhances visibility throughout supply chain processes, safeguarding temperature-sensitive goods. This paper evaluates existing blockchain-based applications and frameworks, identifies current limitations, and discusses future opportunities for optimizing critical systems through blockchain. The findings highlight blockchain's transformative role in driving operational efficiency, security, and data transparency across diverse applications, providing a roadmap for industries to harness its full potential in critical environments.

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Published

2024-11-15

How to Cite

Akindotei, O., Emmanuel, I., Awotiwon, B. O., & Otakwu, A. (2024). Blockchain Integration in Critical Systems Enhancing Transparency, Efficiency, and Real-Time Data Security in Agile Project Management, Decentralized Finance (DeFi), and Cold Chain Management. International Journal of Scientific Research and Modern Technology, 3(11), 19–35. https://doi.org/10.38124/ijsrmt.v3i11.107

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