An Integrated Impact of Blockchain Technology on Suppy Chain Management and the Logistics Industry

2022 ◽  
pp. 152-175
Author(s):  
Fei Jiang ◽  
Yanhua Zhang
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Business Environment ◽  
Mutual Trust ◽  
Comprehensive Overview ◽  
Logistics Industry ◽  
Chain Management ◽  
Blockchain Technology ◽  
History Of ◽  
Entire History

The benefits of blockchain technology for supply chain management and logistics have been authenticated in recent years. It can support transparency and guarantee eventual, system-wide consensus on the validity of an entire history of transactions. As Conte de Leon et al. defined, blockchains would cause disrupting transformations in all types of industries when used in supply chain management. Logistic companies should engage in blockchain technology to adapt rapidly to changing market conditions and needs in today's dynamic business environment. Thus, this chapter provides a comprehensive overview of blockchain technology and focuses on crucial supply chain capabilities to create such transparency, flexibility, and mutual trust between supply chain partners.

scholarly journals A Blockchain-Based Trust Model for the Internet of Things Supply Chain Management

Sensors ◽  
2021 ◽  
Vol 21 (5) ◽  
pp. 1759
Author(s):  
Mabrook S. Al-Rakhami ◽  
Majed Al-Mashari
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Internet Of Things ◽  
Supply Chains ◽  
Trust Model ◽  
The Internet ◽  
Mutual Trust ◽  
Chain Management ◽  
Blockchain Technology ◽  
The Internet Of Things

Accurate data and strategic business processes are crucial to all parties in a supply chain system. However, the absence of mutual trust can create a barrier to implementation. Several studies have shown that supply chains face challenges arising from a lack of trust with respect to the sharing of data. How well each party trusts the data they receive can have a profound influence on management decisions. Blockchain technology has been widely used to process cryptocurrency transactions. Recently, it has also proved to be effective in creating trust in the Internet of things (IoT) domain. Blockchain technology can facilitate mutual trust between parties who would otherwise have been doubtful of each other’s data, allowing for more effective and secure sharing of data. However, if the blockchain is not IoT-optimized, companies can experience significant delays and the need for extensive computational capacity. Moreover, there are still some limitations regarding the consensus between the nodes in the traditional consensus approaches. Here, we propose an alternative approach to creating trust in supply chains with diverse IoT elements. Our streamlined trust model simplifies data sharing and reduces computational, storage, and latency requirements while increasing the security of the IoT-based supply chain management. We evaluate the suggested model using simulations and highlight its viability.

scholarly journals Blockchain Enabled Supply Chain Management

2019 ◽  
Vol 8 (4) ◽  
pp. 4231-4234
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Social Systems ◽  
Time Duration ◽  
Logistics Industry ◽  
Chain Management ◽  
Blockchain Technology ◽  
Long Time ◽  
Very High ◽  
Geographical Locations

Blockchain technology has the potential to create new avenues for Economic and Social systems. Blockchain enabled supply chain solutions have drastically proven to reduce cost and efficiency in supply chain industry. The complexity of Supply chain management which helps to create and distribute goods is very high. The supply chain spans over numerous stages with long time duration involving different geographical locations and large number of invoices and payments, people and entities based on the nature of the product involved. The blockchains are perceived to bring huge transformations in the current supply chain and logistics industry which are complex and transparent. This paper is organized as Section IIntroduction, Section II-Blockchain in Supply chain, Section IIIElements of Blockchain affecting Supply chain, Section IV-How Blockchain revolutionizes Supply chain, Section VResults,Section V1-Conclusion

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.

Mapping and Assessing Green Entrepreneurial Performance: Evidence from a Vertically Integrated Organic Beverages Supply Chain

2021 ◽  
Vol 7 (1) ◽  
pp. 78-98
Author(s):  
Heba Mohamed Adel
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Balanced Scorecard ◽  
Operations Management ◽  
Emerging Market ◽  
Business Environment ◽  
Theory And Practice ◽  
Chain Management ◽  
Green Production ◽  
Strategy Map

The purpose of this article is to use strategy mapping (SM) and balanced scorecard (BSC) in portraying and assessing green entrepreneurial supply chain management (GESCM) performance of a vertically integrated entrepreneurial supply chain in an Egyptian emerging market of organic beverages industry. Based on thematic literature review and qualitative research (in-depth interviews with experts, focus groups, observations, and reports’ analysis), multi-item measurement quantitative BSC scale and strategy map were proposed to measure and communicate the GESCM performance of a hierarchical chain with multiple nodes and cross-functional green practices. This article conceptually contributes to the active debate on contemporary GESCM performance measurement. It integrates the literature of green production and operations management, strategic management and entrepreneurial supply chain management (ESCM) to investigate the unexplored context of GESCM research. It empirically assesses GESCM performance of an attractive network using BSC and maps its strategy with its multidisciplinary environment-friendly practices. The GESCM performance was measured in terms of four integrated perspectives (innovative and proactive processes, learning and growth, financial gains and supply chain stakeholders’ delight). Results showed that BSC and SM are effective and efficient tools in managing the performance of a successful GESC in an emerging market. Royal Herbs’ BSC key performance indicators (KPIs), which were used in assessing a GESCM strategy, indicate improvements along the BSC’s four perspectives. Results give green entrepreneurs/manufacturers in an emerging market as Egypt a comprehensive view on how they can effectively assess/improve their GESCM performance. It draws attention to the importance of investing in GESCM practices for maintaining sustainable development in a clean business environment. It helps practitioners, academics and policymakers in Egypt to bridge the gap between theory and practice regarding GESCM performance. From an interdisciplinary perspective, it provides insights on improving the ESCM performance of the industry without harming its natural environment.

scholarly journals Leveraging Blockchain Technology to Enhance Supply Chain Management in Healthcare:

2018 ◽  
Author(s):  
Kevin A. Clauson ◽  
Elizabeth A. Breeden ◽  
Cameron Davidson ◽  
Timothy K. Mackey
Keyword(s):  
Public Health ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Technology Use ◽  
Grey Literature ◽  
Data Provenance ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Blockchain Technology ◽  
Safety And Health

Background: Effective supply chain management is a challenge in every sector, but in healthcare there is added complexity and risk as a compromised supply chain in healthcare can directly impact patient safety and health outcomes. One potential solution for improving security, integrity, data provenance, and functionality of the health supply chain is blockchain technology. Objectives: Provide an overview of the opportunities and challenges associated with blockchain adoption and deployment for the health supply chain, with a focus on the pharmaceutical supply, medical device and supplies, Internet of Healthy Things (IoHT), and public health sectors. Methods: A narrative review was conducted of the academic literature, grey literature, and industry publications, in addition to identifying and characterizing select stakeholders engaged in exploring blockchain solutions for the health supply chain. Results: Critical challenges in protecting the integrity of the health supply chain appear well suited for adoption of blockchain technology. Use cases are emerging, including using blockchain to combat counterfeit medicines, securing medical devices, optimizing functionality of IoHT, and improving the public health supply chain. Despite these clear opportunities, most blockchain initiatives remain in proof-of-concept or pilot phase. Conclusion: Blockchain technology has the unrealized promise to help improve the health supply chain, but further study, evaluation and alignment with policy mechanisms is needed. Keywords: Blockchain, Distributed Ledger, Pharmacy, Pharmaceutical, Supply chain  

Blockchain Technology Application Challenges in Renewable Energy Supply Chain Management

2022 ◽  
Author(s):  
Khalid Almutairi ◽  
Seyyed Jalaladdin Hosseini Dehshiri ◽  
Seyyed Shahabaddin Hosseini Dehshiri ◽  
Ao Xuan Hoa ◽  
Joshuva Arockia Dhanraj ◽  
...  
Keyword(s):  
Supply Chain ◽  
Renewable Energy ◽  
Supply Chain Management ◽  
Energy Supply ◽  
Chain Management ◽  
Technology Application ◽  
Blockchain Technology
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