Is Blockchain the Future of Supply Chain Management—A Review Paper

Roy, Debopam; Roy, Debparno; Bhadra, Dwaipayan; Das, Baisakhi

doi:10.1007/978-981-15-0361-0_7

Cited by 6 publications

(5 citation statements)

References 3 publications

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“…Thus, the issues of transparency and fraud are significant issues in SCF practice (Rijanto, 2021). Furthermore, SCF does not provide any repayment guarantee and the transaction verification process by the financial institutions is very long, which are also the reasons for the improper implementation of SCF in MSMEs (Aslam et al , 2021; Roy et al , 2020; Ghode, 2020). The reduction in number of transactions and the lack of mutual trust among supply chain partners act as bottleneck for implementing the SCF solutions (Li et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

“…The deployment of BT’s smart contract feature, which is a computer-enabled solution package to execute the negotiation and completion of a project, may easily resolve payback concerns in SCF (Aslam et al , 2021; Li et al , 2020). Because of BT’s decentralised data recording system, transactions can be carried out efficiently and quickly among the SCF participants (Roy et al , 2020). Also, BT offers data security, which makes it almost impossible to fake the data and gives SCF partners access to real and accurate data (Gamage et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

“…et al (2021),Queiroz et al (2019),Kshetri (2018) The readiness of managementB3The top-level management is the decision makers of the organization, and the willingness of the management ensures the successful BT application in SCFMathivathanan et al (2021), Ivanov et al (2019), Kamble et al (2019), Yang (2019) Cyber-secured information B4 The blockchain is an innovative technology, and the forgery or hacking of data is nearly impossible, which secures the data Aslam et al (2021), Hald and Kinra (2019), Treiblmaier (2019), Kshetri (2018) Transparent platform B5 Through the BT platform, the recording of transactions remains transparent and accurate, which means the operational efficiency is increased Roy et al (2020), Ghode (2020), Clohessy and Acton (2019), Hull (2017). Trust building B6 The main issue in traditional SCF is lack of trust among SCF partners, but the application of BT and the attributes of blockchain improve trust among supply chain partners Aslam et al (2021), Clohessy and Acton (2019), Wang et al (2019), Kshetri (2018) Payment assurance B7 BT follows the smart contract technique to ensure payment assurance to the SCF partners Aslam et al (2021), Li et al (2020), Clohessy and Acton (2019) Co-operation among supply chain partners B8 The benefits of SCF participants are safeguarded by BT, which ensures a healthy inter-firm and intra-firm relationship Ghode (2020), Treiblmaier (2019), Wang et al (2019)Data privacy B9The BT platform provides a decentralised network that keeps secrecy of all the transactions and information of SCF partnersRoy et al (2020),Hald and Kinra (2019),Galvez et al (2018),Hull (2017) …”

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confidence: 99%

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Blockchainembedded supply chain finance solutions for Indian MSMEs: a TISM and MICMAC approach

Sahoo

Thakur²

2023

JBIM

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Purpose To stabilise the financial flow and ensure the smooth operations of the micro, small and medium enterprises (MSMEs), supply chain finance (SCF) is one of the efficient alternative solutions suggested by various researchers and practitioners. The application of blockchain technology (BT) could maximize the capability and performance of the SCF throughout the supply chain. Therefore, this study aims to identify and analyse the factors of implementing BT-embedded SCF solutions for Indian MSMEs. Design/methodology/approach The total interpretative structural modeling (TISM) methodology is applied to explore the hierarchical as well as non-hierarchical relationships among the factors of implementing BT-embedded SCF solutions in Indian MSMEs. Thereafter, the fuzzy-cross-impact matrix-multiplication (F-MICMAC) approach is opted to classify all the factors into four groups depending upon their driving and dependence powers in the overall TISM hierarchy. Findings The result of this study revealed that “real-time exchange of information” and “transparent platform” are the most influential factors and play important role in the application of blockchain in SCF in Indian MSMEs. The real-time exchange of information ensures the easy and quick access to data by any partner across the supply chain and, also the data and information remain secure. Practical implications The findings of this study help the MSMEs and supply chain managers to implement the blockchain-embedded solutions to overcome the traditional SCF challenges and obstructions by setting up short-term as well as long-term policies and will open the door for future research work. Originality/value To the best of the author’s/authors’ knowledge, this study is the first of its kind, where the data is collected from field experts to identify the factors influencing the blockchain-embedded SCF adoption in Indian MSMEs’ perspectives, to tackle the flaws of SCF and strengthen the MSMEs.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

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Blockchainembedded supply chain finance solutions for Indian MSMEs: a TISM and MICMAC approach

Sahoo

Thakur²

2023

JBIM

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“…The interest is due to the characteristics of the technology, which provides multiple benefits such as the complete operation of the system without relying on intermediaries or centralized entities, decisions made by all participants in the network, system transparency, immutability, reliability, and decoupled verification and processing of the transactions. In [3] and [4], the authors studied some cases using blockchain in supply chain management system. As a result, they concluded that it was emphasized that enabling secured transactions without trusted third parties in an automatic way makes legal and regulatory decisions much simpler.…”

Section: Introductionmentioning

confidence: 99%

On the continuous contract verification using blockchain and real-time data

et al. 2021

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Supply chains play today a crucial role in the success of a company's logistics. In the last years, multiple investigations focus on incorporating new technologies to the supply chains, being Internet of Things (IoT) and blockchain two of the most recent and popular technologies applied. However, their usage has currently considerable challenges, such as transactions performance, scalability, and near real-time contract verification. In this paper we propose a model for continuous verification of contracts in supply chains using the benefits of blockchain technology and real-time data acquisition from IoT devices for early decision-making. We propose two platform independent optimization techniques (atomic transactions and grouped validation) that enhances data transactions protocol and the data storage procedure and a method for continuous verification of contracts, which allows to take corrective actions to reduce operational costs and increase benefits in current supply chains. An automatic deployment of a large-scale distributed business logic system using virtualized appliances is also proposed. Evaluation results show the feasibility, or the solution proposed.

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“…DistributedComputing(DC)(Yang&Lee,2019)furnishesapracticaledgeworkwithproductive executionofanansweronvariousPCsassociatedwithasystem.ForconveyedComputingDC,huge undertakingsarepartitionedintolittlerissueswhichwouldthenbeabletobeexecutedonvarious PCssimultaneouslyfreeofoneanother.Theassignmentmustbeseparatedintofreeissuestolimit thePC'scorrespondence.Inanycase,dispersedfiguringwon'tbepowerful.Inthecourseofrecent years,theintermixingofsoftwareengineeringandthemultifacetednatureofsciencehasleadtothe prosperousfieldofbioinformatics.Advancesinatomicscienceandinnovationforhugebitsofgenomes indifferentspecies.TodayPCshavemadeclinicalexaminationmoreeffectiveandexact,byutilizing equalandconveyedPCsandcomplexorganicdisplaying.Bioinformatics(Al-Masrietal.,2019) isoneofthemoreuptodateterritoriesandhasmadeusfullyawareofatotallydifferentuniverse ofscience.ThecombinationofPCsandsciencehashelpedresearchersstudyspecies,particularly people.WiththeguideofthePCs,wehavetakeninalotabouthereditaryqualities,however,there stillstandnumerousunansweredinquiriesthatarebeinginvestigatedtoday.DeoxyribonucleicAcid (DNA) (Roy, 2020)…”

Section: Introductionmentioning

confidence: 99%

A Novel Node Management in Hadoop Cluster by Using DNA

Balaraju

Rao

2021

International Journal of Information Technology Project Management

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This paper proposes a novel node management for the distributed system using DNA hiding and generating a unique key by combing a unique physical address (MAC) of node and hostname. This mechanism provides better node management for the Hadoop cluster providing adding and deletion node mechanism by using limited computations and providing better node security from hackers. The objective of this paper is to design an algorithm to implement node-sensitive data hiding using DNA sequences and provide security to the node and its data from hackers.

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Is Blockchain the Future of Supply Chain Management—A Review Paper

Cited by 6 publications

References 3 publications

Blockchainembedded supply chain finance solutions for Indian MSMEs: a TISM and MICMAC approach

Blockchainembedded supply chain finance solutions for Indian MSMEs: a TISM and MICMAC approach

On the continuous contract verification using blockchain and real-time data

A Novel Node Management in Hadoop Cluster by Using DNA

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