2018
DOI: 10.1515/itit-2017-0031
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Abstract: Driven by successful pilot projects in supply chain and logistics, Blockchain has become one of the industry’s latest technology hypes. In this paper, we cut through the hype and shed light on the expectations of industry professionals towards the benefits and challenges of Blockchain. Also, we categorize current Blockchain applications that are expected to provide tangible benefits for supply chain and logistics processes. To explore such potentials, we argue that companies should gain own first-hand experien… Show more

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Cited by 78 publications
(71 citation statements)
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“…The most widely discussed topic in terms of application of the BT in transportation is logistics; in fact, many papers have been presented in recent years, such as: [3,33,38,[44][45][46][47][48][49][50]. BTs are presented by many as disruptive for the way supply chains are managed.…”
Section: Potential Applications Of Blockchain-based Systems In Transpmentioning
confidence: 99%
See 1 more Smart Citation
“…The most widely discussed topic in terms of application of the BT in transportation is logistics; in fact, many papers have been presented in recent years, such as: [3,33,38,[44][45][46][47][48][49][50]. BTs are presented by many as disruptive for the way supply chains are managed.…”
Section: Potential Applications Of Blockchain-based Systems In Transpmentioning
confidence: 99%
“…They have been categorised into: intra-organisational barriers (e.g., lack of knowledge and expertise; financial constraints), systems-related barriers (e.g., immaturity of technology; hesitation to adopt blockchain technology, due to negative public perception), inter-organisational barriers (e.g., cultural differences of supply chain partners), and external barriers (e.g., lack of government policies and lack of external stakeholders' involvement). Other significant limitations are: lack of willingness of the actors of the chain to share information [115], limits on the number of transactions per unit of time, compared to other players such as Visa or Mastercard (i.e., performance and scalability issues) [116], and regulatory uncertainty [47]. Moreover, trading on a blockchain system could be expensive, because any mistake is irreversible and increases the transaction costs [117].…”
mentioning
confidence: 99%
“…Also, the use of Blockchain technology in the field of smart logistics remains rare, following its new appearance, its low popularity, and its complexity for the majority of people and organizations. The first real application in the logistics field was announced in April 2015: Everledger startup uses Blockchain to fight fraud in diamond supply chains [33]. This section will explore the applicability and integration of Blockchain technology in the four intelligent logistics sectors.…”
Section: Blockchain and Smart Contracts In Smart Logisticsmentioning
confidence: 99%
“…It can reduce the cost of market operations and enhance the security and transparency of user information and transaction data. In recent years, blockchain technology has been applied in the research of finance [37][38][39], supply-chains [40,41], medical care [42][43][44], and smart cities [45,46]. With the deepening of research on blockchain technology, the technology is gradually being applied in smart grids [47][48][49][50][51].…”
Section: Application Of Blockchain Technology In Microgridmentioning
confidence: 99%