Blockchain for Supply Chain Management

2021 ◽  
pp. 2472-2487
Author(s):  
Nenad Stefanovic
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Smart Contracts ◽  
Chain Management ◽  
Security Services ◽  
Blockchain Technology ◽  
Doing Business ◽  
New Challenges

Over the past decades, digital technologies empowered more efficient, effective and connected supply chains. However, as supply chain complexity continues to increase, organizations face new challenges of maintaining visibility into origin, authenticity, and asset handling. Blockchain technology is considered to be a game-changer for decentralizing infrastructure and building a trust layer for business logic. It is envisioned to be a technology that could drive economy into the next industrial revolution, with new paradigms for doing business in supply chain management (SCM). In this chapter, the various opportunities blockchain provides for SCM, as well as the main technologies including infrastructure and services are discussed. The main applications and benefits of blockchain for SCM are described including smart contracts, payments, transaction recording, dispute resolution, monitoring, and security. We also introduce the multi-layered and cloud-based hybrid blockchain model that combines various data sources, integration, blockchain, and security services.

scholarly journals Digital Technologies in Supply Chain Management in Production

2020 ◽  
Vol 159 ◽  
pp. 03006
Author(s):  
Roman Veynberg ◽  
Marina Koslova ◽  
Gani Askarov ◽  
Asan Bexultanov ◽  
Zarema Yussupova
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Information Technologies ◽  
Business Management ◽  
Digital Technologies ◽  
Digital Economy ◽  
Chain Management ◽  
Logistics Systems ◽  
Blockchain Technology ◽  
Management Processes

The article discusses the prospect of using digital technologies in supply chain management, as well as the main trends and features of the development of supply chain management at the plant. The article deals with issues related to the integration of blockchain technologies in the field of logistics and supply chain management. The article suggests using blockchain information technologies to optimize supply chain management processes in the context of enterprise virtualization and digital economy development. The study revealed the advantages of this approach over traditional business management technologies and logistics systems. The prospects for using blockchain technology in logistics and supply chain management are also analyzed.

scholarly journals Blockchain Design for Securing Supply Chain Management in Coffee Retailer Network

2021 ◽  
pp. 492-502
Author(s):  
Urshila Ravindran ◽  
Pragya Bhardwaj ◽  
P. Raghu Vamsi
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Business Processes ◽  
Smart Contracts ◽  
Distributed Environment ◽  
Chain Management ◽  
Blockchain Technology ◽  
Asset Tracking ◽  
Distributed Ledger ◽  
Proposed Model

Blockchain is a trusted distributed ledger shared across the business processes. Blockchain technology focuses on automating tasks in a distributed environment. Proving as one of the effective platforms, it helps in mapping the physical commodities to the digital ledger. A digital ledger is like an electronic register for storing the transactions that are taking place among various commodities. The physical commodities include suppliers, manufacturers, exporters, consumers and distributors wherein the distributor plays a major role in determining the product standards. To this end, this paper presents a Blockchain design for securing Supply Chain Management (SCM) in Coffee Retailer Network (CRN). The proposed design made with the view that it further be implemented with smart contracts to establish a private or consortium Blockchain application for the asset tracking processes in the coffee retailer network. The proposed model can bring transparency, sustainability and efficiency in asset tracking.

Redefining Trust and Disinter-Mediation With Blockchain in E-Governance

2020 ◽  
pp. 18-38
Author(s):  
Jyoti Malhotra ◽  
Nagesh N. Jadhav ◽  
Rajneeshkaur Sachdeo-Bedi ◽  
Rekha Sugandhi ◽  
Sambhaji Sarode
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Change Management ◽  
Common Language ◽  
Smart Contracts ◽  
Chain Management ◽  
Blockchain Technology ◽  
Trust Level ◽  
Tax Management ◽  
Financial Transactions

Blockchain technology (BCT) is becoming a common language across diverse geographical domains. BCT attempts to solve the fraud issues involved in financial transactions and government operations. E-governance is a convenient platform providing services to all connected citizens and inter-government sectors. Traditional centralization issues are addressed by decentralizing the stakes, keeping the transactions transparent on an open ledger–BCT. It works on the notion of disintermediation eliding the middle layers with the highest trust level. It can contribute to various e-government sectors, namely agriculture, property registrations, supply chain management, tax calculation, etc. BCT application for agriculture supply change management can provide assistance in crop plantation and delivery records. It can bring transparency in land registrations and tax management by maintaining immutable land records and simplified tax management preserving trust between various parties through smart contracts. This chapter focuses on BCT approaches for secured governance.

Role of Smart Contracts in Halal Supply Chain Management

2021 ◽  
pp. 2497-2504
Author(s):  
Yudi Fernando ◽  
Mohd Ridzuan Darun ◽  
Basheer Al-haimi ◽  
Daing Nasir Ibrahim ◽  
Marco Tieman ◽  
...  
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Solid Base ◽  
Extensive Literature ◽  
Smart Contracts ◽  
Chain Management ◽  
Blockchain Technology

Now, more than ever, with the existence of the new blockchain technology, smart contracts started its revolution. Although the industry has been practices smart contracts using blockchain technology, limited study available on how blockchain technology contributes to Halal supply chain management. Thus, the aim of this chapter is to review the roles, promises and benefits of smart contracts based on blockchain technology for Halal supply chain management applications. An extensive literature exploration is conducted to reveal the existing literature on smart contracts using blockchain technology. The authors have faith in that the findings in this chapter can be used as a solid base for the researchers and practitioners of smart contracts in Halal supply chain management.

scholarly journals Blockchain Technology: A literature review

2020 ◽  
Vol 5 (4) ◽  
pp. 53-66
Author(s):  
Rakesh Kumar ◽  
◽  
R.S. Mishra ◽  
Dharmanshu Kumar ◽  
Sunil . ◽  
...  
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Literature Review ◽  
Financial Services ◽  
Disruptive Technology ◽  
Extensive Literature ◽  
Smart Contracts ◽  
Chain Management ◽  
Profound Impact ◽  
Blockchain Technology

In the way of digitization, Blockchain Technology is regarded by many researchers and innovators as one of the most significant disruptive technology that “will revolutionize business and redefine companies and economies. This paper is based on the growing present anticipation that blockchain technology will have a profound impact on many sectors of the industry including, for instance, financial services, supply chain management, manufacturing, healthcare, fashion, and entertainment. Extensive literature is explored of peer-reviewed journals focusing about its working, in other than above area like smart contracts, pass, adaptation in various countries, its acceptance by peoples and about their potential uses, with their challenging impact in society and technology.

From Supply Chain Management to Blockchain-Based Management

2019 ◽  
pp. 59-63
Author(s):  
G. V. Zubakov ◽  
O D. Protsenko ◽  
I. O. Protsenko
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Digital Economy ◽  
Practical Implementation ◽  
Chain Management ◽  
Mutual Trade ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Supply Chain Management System ◽  
The Government

The presented study addresses the current problems in the implementation of the distributed ledger (blockchain) technology in supply chain management mechanisms in the context of the digital economy. Aim. The study aims to analyze the application of the blockchain technology in modern economic processes from the perspective of logistics.Tasks. The authors consider the possibility of using the blockchain technology in the supply chain management system and explore ways to use the findings of the Eurasian Economic Commission (EEC) in the fieldof digital economy to organize information standardization processes within the supply chains of foreign and mutual trade.Methods. This study uses general scientific methods of cognition to examine approaches to the implementation of the blockchain technology in transport and logistics processes and to find opportunities for the implementation of smart contracts to ensure the traceability of the entire chain of commodity and information fl ws.Results. Implementation of the distributed ledger (blockchain) technology in the logistics processes of foreign and mutual trade increases the transparency of information fl ws and the speed of decisionmaking. This technology would allow the parties to negotiate directly, minimizing potential risks and the time required to approve a supply deal.Conclusions. The authors consider the possibility of using a systematic approach to the digitalization of transport and logistics processes and the subsequent standardization of information interaction at the B2B, B2G, and G2G levels, segmented by separate fields of transport and foreign trade and individual economic sectors. As a conclusion, the study assesses the prospects of the practical implementation of blockchain mechanisms in the creation of industrial platforms — digital platforms that provide integrated services for businesses and the government using a single window system.

scholarly journals Supply Chain Management Open Innovation: Virtual Integration in the Network Logistics System

2021 ◽  
Vol 7 (1) ◽  
pp. 54
Author(s):  
Vladimir Shcherbakov ◽  
Galina Silkina
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
System Integration ◽  
Business Models ◽  
Industrial Revolution ◽  
Linear Models ◽  
Logistics System ◽  
Chain Management ◽  
Economic Relations

The customer-oriented approach is actively developing within the global trend of the modern industrial revolution that is Industry 4.0. The focus on customer interests has led to cooperation and integration in supply chains, improving their efficiency and increasing transparency, awareness, and trust. However, an issue emerging in this scenario is that conventional supply chain management (SCM) procedures are unable to identify the potential proposal for a particular user. Modern businesses need to build integrated supply chains, which require well-developed infrastructure and easily available complementary services, relying on logistics as a networking technology. Supply chains of this generation grow from traditional individual desynchronized economic relations (linear models with some feedback and the simplest network configurations) to scalable, adaptable, harmonized partner networks. The logistics potential allows additional income by reducing the total costs of participants in the network, thus increasing the competitiveness of companies; this can be implemented based on new models of interaction in the current digital environment through, firstly, system integration. Our goal consists of identifying the essential characteristics of system integration and substantiating the methods for its implementation in the digital economy. The study is based on the analysis of global best practices, considering the reports from leading consulting companies and competent analytical agencies. We have confirmed that the role of a virtual system integrator of supply chains belongs to logistics platforms; the effects of a transition to platform business models are discussed in detail.

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