Blockchain adoption for information sharing: risk decision-making in spacecraft supply chain

Blockchain technology in supply chain operations: Applications, challenges and research opportunities

“…Blockchain can be applied in spacecraft SCs to reduce transaction costs, guarantee security and address the issue of information asymmetry among the SC participants thereby improving overall profit ( Zheng et al, 2019 ). This is an important application which has high impacts.…”

“… 22 Surjandy et al (2019a) This article explores the 48 critical parameters for blockchain adoption in SCM. 23 Zheng et al (2019) The paper studies the risk decision making problem faced by a three-level spacecraft SC composed of a spacecraft builder, supplier, and logistics service integrator. Supply chain reengineering 24 Chang et al (2019a) It states that blockchains enhance the transparency and visibility and achieve synchronization of tracking information in all arenas of businesses.…”

Supply Chain Disruption Risk Management with Blockchain: A Dynamic Literature Review

“…They tried to show the ability of blockchain in avoiding data leakage among unauthorized members in the supply chain and the privacy protection of the chain. Likewise, Reference [57] for spacecraft supply chain, established that the use of blockchain is necessary for security and overall profit of the supply chain to address the issue of information asymmetry among the supply chain members and to mitigate costs of transactions. In addition, Reference [58], in a study on the use of blockchain technology in risk avoidance and coordination of supply chain, found that this technology has real potential to reduce transaction costs among members of the supply chain and improve information sharing among supply chain members.…”

Spacecraft Informatics

“…In the papers, entitled 'Blockchain adoption for information sharing: risk decisionmaking in spacecraft supply chain' by Zheng et al (2019) and 'A framework for rocket and satellite launch information management systems based on blockchain technology' by Li, Wang, and Zhang (2019), they employed blockchain technology for information management and sharing in the spacecraft supply chain. The use of blockchain technology allows the stakeholders in the spacecraft to (i) reduce transaction cost and risks, and (ii) improve the reliability and traceability of the spacecraft information to enhance the overall effectiveness and efficiency of the supply chain.…”