Blockchain technology in the international supply chains

2020 ◽  
pp. 16-25
Author(s):  
Irina V. Pustokhina ◽  
Keyword(s):  
Economic Development ◽  
Business Processes ◽  
Business Environment ◽  
International Economy ◽  
Improve Quality ◽  
Logistics Industry ◽  
Blockchain Technology ◽  
Cargo Delivery ◽  
Trade And Investment ◽  
Efficiency Improve

The relevance of the study is that globalization and the integration of the international economy provide excellent opportunities for economic development through international trade and investment. It is necessary to make the product and services more competitive. One of the factors determining the competitiveness of trade is how quickly and how economically the goods can be delivered. The competition in the logistics industry is continually growing, which forces participants to improve their efficiency, improve quality and reduce costs. In these conditions effective IT solutions are vital tools for logistics and the ability to manage the logistics processes in the business environment in the context of globalization is a factor of competitiveness. Within the framework of this paper, the existing business processes of cargo delivery were described. The study of the process of interaction of international supply chain participants made it possible to identify the ineffectiveness of existing processes to understand what can be replaced and corrected with the introduction of blockchain technology. The main reason of inefficiency is the low level of business processes digitalization. The cases of existing blockchain projects for the logistics industry were investigated. The article provides possible cases of using blockchain for the logistics industry.

scholarly journals A Systematic Review of Blockchain Technology and Its Applications

2021 ◽  
Author(s):  
Bharati H Naikwadi ◽  
K.G. Kharade ◽  
S. Yuvaraj ◽  
K. Vengatesan
Keyword(s):  
Systematic Review ◽  
Business Processes ◽  
Business Environment ◽  
Large Majority ◽  
Related Research ◽  
Blockchain Technology ◽  
Body Of Knowledge ◽  
Wide Range ◽  
Technology Applications ◽  
To Come

Blockchain technology could radically transform our business environment in the decades to come. It has the power to redefine our views of business processes and may even impact our overall economy. The works comprehensively document the implementation of blockchain applications in various sectors. Our goal is to determine what state blockchain technology is in and what kinds of applications it has. A large majority of the current blockchain-related research is dedicated to crypto currencies, such as Bitcoin. Only a small percentage of work is dedicated to exploring the wide range of potential blockchain technology applications. Blockchain technology has multiple applications across multiple industries. This study attempts to determine the opportunities and threats presented by Blockchain Technology for current or future applications. The number of published studies that were studied carefully and critically and added to the Block chain’s body of knowledge was large.

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.

India-Africa Trade and Investment Cooperation for Economic Development

2020 ◽  
pp. 93-107
Author(s):  
Rajender Singh Godara ◽  
Mohamad Aslam ◽  
Gaibul Preet ◽  
Sushanta Kumar Mahapatra
Keyword(s):  
Economic Development ◽  
Return On Investment ◽  
Secondary Data ◽  
Business Environment ◽  
Rates Of Return ◽  
Consumer Market ◽  
Trade Patterns ◽  
Cultural Exchanges ◽  
History Of ◽  
Trade And Investment

India and Africa have a long partnership history of cooperation for economic development by trade and investment. This framework has become an essential component for development in Africa. Africa is an emerging investment and trade destination due to a large consumer market, high potential of economic growth, improving the business environment and investment regulations, and high rates of return on investment. The depth of relation of India and Africa has been reflected in the patterns of trade and investment, as well as people-to-people interactions, cultural exchanges, and cooperation at the continental and at the regional and bilateral levels. This chapter examines investment and trade patterns of India-Africa collaboration in the contemporary era of globalization. The study is based on empirical and conceptual aspects by using secondary data. An analysis uses appropriate econometric tools to make the study more relevant.

scholarly journals A Future Trend in Sensing Enterprise Systems

2018 ◽  
Author(s):  
Majid Zamiri ◽  
Andreia Artifice ◽  
Elsa Marcelino-Jesus ◽  
Joao Sarraipa ◽  
Ricardo Jardim-Goncalves
Keyword(s):  
Business Models ◽  
Business Processes ◽  
Enterprise Systems ◽  
Business Environment ◽  
Future Trend ◽  
Data Sources ◽  
Free Access ◽  
Blockchain Technology ◽  
Intelligent Knowledge Management ◽  
Access To Data

The widespread use of sensorial technologies has created new opportunities for enterprises, as these new sources of data assist in increasing the context-awareness in which enterprises operate and enable them to better anticipate and adapt to changes in the business environment. This leads to better decision-making and greater profitability, as well as to reduced operating risks. However, if enterprises are to get any benefit from these new data sources, there is a need for tools, which will enable them to deal with the complexity of the multitude of data sources, both from physical and virtual objects, as well as a means to extract relevant and correct information and knowledge from it. Having access to data is not enough. The real value to enterprises comes from being able to process it, interpret it and being able to make accurate forecasts upon which they can base their business decisions. This paper presents the blockchain technology which is intended to support the development of sensing enterprise systems for intelligent knowledge management. Since the creation of the internet, blockchain is the most important technology created that is in constant development and has still much more to develop. In a simple way, blockchain is a computational technology for register of operations, decentralized, free-access, transparent, global, continuous. It is a public database that is accessible for everyone and is much more secure and reliable than other forms currently known to perform similar operations. Thus, it is intended to demonstrate the importance of this recent technology in business processes and the future trends of its use in sensing enterprise business processes. The proposed framework intends to demonstrate and serve as the foundation for new business models supported by the new capabilities provided by sensorial technologies in the support of enterprise applications.

PLACE AND EVOLUTION OF BLOCKCHAIN TECHNOLOGY IN THE SYSTEM OF ECONOMIC DEVELOPMENT

2019 ◽  
Vol 9 (8) ◽  
pp. 1191-1200 ◽  
Author(s):  
Marat Safiullin ◽  
◽  
Mikhail Savelichev ◽  
Leonid Elshin ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Blockchain Technology

scholarly journals Analysis of the Optimal Application of Blockchain-Based Smart Lockers in the Logistics Industry Based on FFD-SAGA and Grey Decision-Making

Symmetry ◽  
2021 ◽  
Vol 13 (2) ◽  
pp. 329
Author(s):  
Shen-Tsu Wang ◽  
Meng-Hua Li ◽  
Chun-Chi Lien
Keyword(s):  
Web Application ◽  
Success Factors ◽  
Service Providers ◽  
Cost Effective ◽  
Application Programming Interface ◽  
Fractional Factorial ◽  
Office Workers ◽  
Logistics Industry ◽  
Blockchain Technology ◽  
Multiple Attribute

Blockchain technology has been applied to logistics tracking, but it is not cost-effective. The development of smart lockers has solved the problem of repeated distribution to improve logistics efficiency, thereby becoming a solution with convenience and privacy compared to the in-store purchase and pickup alternative. This study prioritized the key factors of smart lockers using a simulated annealing–genetic algorithm by fractional factorial design (FFD-SAGA) and grey relational analysis, and investigated the main users of smart lockers by grey multiple attribute decision analysis. The results show that the Web application programming interface (API) concatenation and money flow provider are the key success factors of smart lockers, and office workers are the main users of the lockers. Hence, how to better meet the needs of office workers will be an issue of concern for service providers.

Trends in the Development of Electronic Document Management: Prospects, Problems, Opportunities

2021 ◽  
Vol 27 (12) ◽  
pp. 963-970
Author(s):  
S. A. Zhutyaeva ◽  
T. A. Lysova
Keyword(s):  
Artificial Intelligence ◽  
Legal Status ◽  
Business Processes ◽  
Document Management ◽  
Electronic Document ◽  
Work Processes ◽  
Blockchain Technology ◽  
Electronic Document Management ◽  
Corporate System ◽  
The Impact

Aim. The presented study aims to determine the role and place of electronic document management in the corporate system of Russian enterprises, outlining the prospects for its development.Tasks. The authors examine the legislative acts of the Russian Federation on the prospects for the implementation of electronic document management; assess the impact of the pandemic on the digitalization of document management; analyze the business costs of paper document management; identify the advantages of using electronic document management and promising technologies in document processing.Methods. This study uses theoretical and empirical research methods. The dialectic method is used to determine the role, significance, and legal status of electronic document management. Through a logical approach, the essence of such concepts as 'electronic document' and 'electronic document management' is identified.Results. The study presents directions for the development of electronic document management using blockchain technology, which will improve workflows by processing, sorting, exchanging data and documents protected from unauthorized access, and artificial intelligence, which can help organizations process documents faster by simplifying operational procedures. Obstacles that prevent companies from actively using electronic document management are identified. These include additional investment, time costs, and reorganization of management. The volume of innovative services is analyzed by the type of economic activity, and the costs of creating, storing, and processing paper documents are considered.Conclusions. Recent trends in legislation indicate the government's firm commitment to the speedy introduction of electronic document management in Russia. Its use frees up a lot of resources, including time, labor, and finances. The 2020 pandemic has emphasized the importance of digitalizing business processes to ensure their continuity in unforeseen situations. Integrated into the automation of work processes, blockchain technology will ensure the protection of information from unauthorized tampering. Artificial intelligence will open up new opportunities for processing electronic documents.

ANALYSIS OF THE STRUCTURAL DYNAMICS OF THE DIGITAL ECONOMY IN TODAY'S REALITIES

2021 ◽  
Vol 14 (1) ◽  
pp. 40-47
Author(s):  
Tatуana Ivanovna LOMACHENKO ◽  
Keyword(s):  
Structural Dynamics ◽  
Digital Technology ◽  
Business Strategy ◽  
Production Management ◽  
Production Efficiency ◽  
Business Processes ◽  
Business Environment ◽  
Digital Economy ◽  
Digital Transformation ◽  
Evolutionary Stage

Nowadays, there is no consensus that digitalization is a threat to business security or an opportunity to comprehensively manage the entire chain of business processes in real time, taking into account incoming data from all assets. However, political and economic instability, demand volatility, and competition are all a set of global challenges that digital transformation has responded to. In industry, the competitive advantage has become not the ownership of the enterprise, the firm, but access to digital technology, on which the efficiency of work with specific resources depends. The processes of forming individual business segments related to production management based on modern digital technology have already been launched and most companies are focused on this direction. The article reveals the features of the evolutionary stage of digital economy development, presents the relationship of this process with the formation of the conceptual framework from the theoretical foundations, substantiated in the 1990s by foreign and domestic scientists to modern approaches in the interpretation of digital economy definitions. The article proposes the structural dynamics of the digital economy in today's realities, revealing internal problems, opportunities for economic growth, maturity and readiness of the state to new ways of doing business in the digital economy and digital transformation, to form the country's national strategy. In addition, the conditions under which digital transformation opens up new opportunities for the business environment, the public sector and society as a whole are presented. Changes in business strategy, organizational forms, business process capabilities, new approaches in working with clients, competitive advantages, increase in profit sources are analyzed. As a result, the efficiency of the whole system increases, which allows to reach a fundamentally new level of production efficiency in a short time.

Factors Influencing Performance of ITES Firms in India

2012 ◽  
Vol 25 (4) ◽  
pp. 46-64 ◽  
Author(s):  
Soni Agrawal ◽  
Kishor Goswami ◽  
Bani Chatterjee
Keyword(s):  
Information Technology ◽  
Developing Countries ◽  
Service Provider ◽  
Business Processes ◽  
Developed Countries ◽  
Offshore Outsourcing ◽  
Competitive Advantages ◽  
Improve Quality ◽  
Factors Influencing

Firms from developed countries are increasingly offshore outsourcing services to developing countries to have cost as well competitive advantages. Although this is a growing practice, there has been limited empirical attention in understanding the outsourcing phenomenon, particularly from the perspective of service provider firms that execute important business processes for their overseas clients. Despite growing trends to outsource, only a few service provider firms report success. This puts the service provider firms under increasing pressure to add value and improve quality of relationship. They have to depend not only on tangible factors but some intangible factors also play an important role in their performance. In this paper, the authors try to find out factors that influence performance of service provider firms. Multiple regressions using four indicators of firm performance are carried out to see the influence of certain factors on information technology enabled service (ITES) firms’ performance.

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