2018
DOI: 10.3390/su10114274
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Blockchain Technology and Manufacturing Industry: Real-Time Transparency and Cost Savings

Abstract: Blockchain technology has been recommended for the sustainability in the manufacturing industry, owing to its benefits in terms of real-time transparency and cost savings. To verify this, we first examine how firms can employ distributed ledger technology by adopting blockchain technology to achieve real-time transparency and cost savings. We also review the current blockchain technology applications in the financial industry and supply chains to explain this technology’s mechanisms for enabling real-time tran… Show more

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Cited by 136 publications
(103 citation statements)
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References 21 publications
(39 reference statements)
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“…In order to provide a general overview about how the new digital technology transforms the agri-food supply chains, the tables (Table 1, Table 2, Table 3 and Table 4) integrate and classify the main positive impacts of the most relevant technologies as well as the challenges to be faced according to recent studies in the field carried by different authors. [132,133,134,135,136,137,206] Impact Functional impact:…”
Section: -How the New Digital Technology Transforms The Agri-food Supmentioning
confidence: 99%
“…In order to provide a general overview about how the new digital technology transforms the agri-food supply chains, the tables (Table 1, Table 2, Table 3 and Table 4) integrate and classify the main positive impacts of the most relevant technologies as well as the challenges to be faced according to recent studies in the field carried by different authors. [132,133,134,135,136,137,206] Impact Functional impact:…”
Section: -How the New Digital Technology Transforms The Agri-food Supmentioning
confidence: 99%
“…Blockchain technology allows easy implementation of transparency features among multiple parties by compilation and verification of information [38]. Because of the benefit of real-time transparency, blockchain technology is a recommended tool for sustainability in the manufacturing industry [39]. Transparency as an extrapolation of "trust" is needed both inside and outside the government, for more participative decision-making processes in the sustainable supply chains [40].…”
Section: Transparencymentioning
confidence: 99%
“…Over the interlinkage of the blocks, traceability and transparency are established. This makes blockchains especially suitable as tracking systems [20][21][22].…”
Section: Blockchain Technology Backgroundmentioning
confidence: 99%