Computer Security Threats 2020
DOI: 10.5772/intechopen.86530
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Deploying Blockchain Technology in the Supply Chain

Abstract: In the rapidly evolving environment of the international supply chain, the traditional network of manufacturers and suppliers has grown into a vast ecosystem made of various products that move through multiple parties and require cooperation among stakeholders. Additionally, the demand for improved product visibility and source-to-store traceability has never been higher. However, traditional data sharing procedures in today's supply chain are inefficient, costly, and unadaptable as compared to new and innovat… Show more

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Cited by 27 publications
(15 citation statements)
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“…Despite the informality witnessed in the present study, several other studies have in contrast noted formality (Colicchia et al , 2019; Wang et al , 2019). The proposed application of BT according to the flow of the distributor's processes confirms the possibility of smart contracts being applied since they control the flow of transactions at each stage of the processes (Dolgui et al , 2020; Zhang, 2019). The formalization of the smart contract in the case studied, incorporating the validation of qualifiers, can be seen as an instrument capable of mitigating many risks.…”
Section: Case Analysissupporting
confidence: 53%
See 1 more Smart Citation
“…Despite the informality witnessed in the present study, several other studies have in contrast noted formality (Colicchia et al , 2019; Wang et al , 2019). The proposed application of BT according to the flow of the distributor's processes confirms the possibility of smart contracts being applied since they control the flow of transactions at each stage of the processes (Dolgui et al , 2020; Zhang, 2019). The formalization of the smart contract in the case studied, incorporating the validation of qualifiers, can be seen as an instrument capable of mitigating many risks.…”
Section: Case Analysissupporting
confidence: 53%
“…In logistics operations, smart contracts control the flow of transactions at each stage. Warehouses can optimize capacity and shipments in real time, and carriers can provide cargo status and visibility to participants (Dolgui et al , 2020; Zhang, 2019). The application of a smart contract, converted into codes, stored and replicated in the computer system and supervised by the blockchain network, becomes an essential ally in risk mitigation (Min, 2019).…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…According to report on ''Supply Chain Trends Recap'' by Eye for Transport in 2017, more than 60% of the SCM vendors are using BC technology for ensuring timeliness and validation in the overall delivery cycle [70]. Due to the formation of the tamper-proof chain, transactions and business procedures of blockchain technology, it is more secured and immutable.…”
Section: B Role Of Bc and Consensus Mechanism In Scmmentioning
confidence: 99%
“…If the smart contracts are utilized in the framework of the blockchain, then the network can be highly secure and autonomous. The works of blockchain assist the supply chain in taking responsibility through the intelligent contracts, thereby easily producing a trustworthy re-establishing trade and circulating products [25]. 3-Healthcare System: Blockchain technology aims to ensure patient safety and data protection in the public ledger environment.…”
Section: Blockchain Technology Applicationsmentioning
confidence: 99%