Review and analysis of blockchain projects in supply chain management

Dietrich, Fabian; Ge, Yiwen; Turgut, Ali Emre; Louw, Louis; Palm, Daniel

doi:10.1016/j.procs.2021.01.295

Cited by 57 publications

(20 citation statements)

References 42 publications

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“…Traceability, on the other hand, is linked to rough data Traceability is referred to the capability to obtain any or all information about the thing under examination through documented identifications at any time during its life cycle. Recent BC projects have a primary goal of increasing supply chain transparency [36]. One of the most favorable uses for BC Technology in SCM is to increase product transparency and traceability by allowing transactional data to be exchanged between two or more supply chain partners, to save transactional data in an immutable format, and to preserve only one version of the transactional database.…”

Section: A Advantages Of Implementing Bc-based Supply Chain Systems (...mentioning

confidence: 99%

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

et al. 2022

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Supply chain management (SCM) is a core corporate activity responsible for moving commodities and services from one point to another through various stakeholders. The traditional SCM is based on a centralized approach managed at the central headquarter, and all other sub-offices get instructions from the main office. Some major issues with present SCM systems are security, transactional transparency, traceability, stakeholder involvement, product counterfeiting, additional delays, fraud, and instabilities. Blockchain (BC) emerges as a technology that can manage the data and build trust efficiently and transparently. It can also aid in transaction authorization and verification in the supply chain or payments without a third party. To address the present SCM issues, BC technology is a feasible solution. Motivated by the aforementioned considerations, in this paper, we present a survey on the adoption of BC in SCM. This paper undertakes a comprehensive analysis of the literature on BC characteristics, implementations, and business consequences in various SCM. This Blockchain-centered study, in particular, discloses the research state and delineates future research directions by studying and analyzing 97 up-to-date publications highlighting BC's supply chain uses. Transparency and traceability, information sharing, product anticounterfeiting, and building trust are the major aspects propelling BC's implementation in SCM. Further, we analyzed various applications of SCM in which BC can be used as a probable technology to secure all transactions. Then, we have highlighted open issues and research challenges for adopting BC technology in SCM that open the doors for beginners eager to start work in this amazing area.

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Section: A Advantages Of Implementing Bc-based Supply Chain Systems (...mentioning

confidence: 99%

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

et al. 2022

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“…It usually comprises a shared ledger, permissioning, smart contracts and consensus [30]. This technology increases the transparency, security, authenticity and auditability of data shared [44,45]. Blockchain technology provides privacy protection by encrypting and verifying the data.…”

Section: Internet Of Things (Iot)mentioning

confidence: 99%

“…Combining Industrial IoT with Blockchain gives additional benefits as it provides greater transaction transparency and supports product traceability in the case of recall or counterfeit products. This is extremely important, i.e., in counterfeiting of electronic parts that can cause potential safety risk and loss of company profits and also damages the reputation of manufacturers [45]. Maersk and IBM cooperated to implement Blockchain in solving cross-border supply chain problems.…”

Section: Application Of Iot In Industrymentioning

confidence: 99%

Internet of Things in Industry: Research Profiling, Application, Challenges and Opportunities—A Review

et al. 2022

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The fourth industrial revolution taking place in the industrial sector is related to the increasing digitization and linkage of goods, products, value chains and business models. Industry 4.0 is based on the global connection of people, things and machines. By connecting devices and sensors to the internet, we are entering a new era of data analysis, connectivity and automation. This gives great opportunities for innovation and progress, previously unattainable in such a dimension. The term Internet of Things (IoT) has spread along with the vision of a world instrumented with intelligent inputs and outputs able to communicate with each other through internet data and technologies. IoT is being implemented in various areas of the modern economy, for example, healthcare, quality control, logistics, energy, agriculture and production. The Industrial Internet of Things (IIoT) blazes the trail to a better understanding of the manufacturing process, thus enabling efficient and sustainable production. The paper explains the concepts of IoT, IIoT and Industry 4.0. It highlights the accompanying opportunities, threats and challenges related to their implementation. Additionally, it presents an outline of computing architecture in IoT and related energy consumption issues. Moreover, it provides examples of application and IIoT research profiling.

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“…Generally speaking, the blockchain is a relatively new technological breakthrough, categorized by many authors as one of the core technologies of the Fourth Industrial Revolution. Being promoted and researched as a huge potential technology in diverse fields, starting from supply chain management (Dietrich, Ge, Turgut, Louw, & Palm, 2021), healthcare (Tariq, Qamar, Asim, & Khan, 2020), smart logistics (Issaoui et. al., 2019) or energy trading (Andoni, et al, 2019), all the way to smart contracts (Macrinici et.…”

Section: Blockchain Technology Cryptocurrencies and Initial Coin Offe...mentioning

confidence: 99%

Traditional Investing vs New Trends: A Review of the Investment Landscape in Transition Towards Industry 4.0

Dinulescu¹,

PUCHEANU²,

Bugheanu³

2022

Proceedings of the International Management Conference

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The aim for the current paper is to provide an overview analysis on the main financial markets. As a result, the study will investigate the topic of mutual funds, stock market or cryptocurrency investments. Consequently, this article provides evidence that in the European Union, one out of five individuals has at least one investment source. In effect, the research shows that if there is demand, it will also be a supply, both factors ensuring the existence of the stock market. Unlike most of the previous studies it has a double approach. First of all, this study critically examines the framework of the main investment sources starting from the traditional ones – like mutual funds, to the new ones – cryptocurrency market. Additionally, this paper develops investigations in the field of quantitative analysis presenting the respondents’ opinions regarding the future of cryptocurrencies as well as their reliability compared to mutual funds. These findings can serve as the foundation of a potential investment strategy for any consumer with medium- and long-term financial objectives.

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Review and analysis of blockchain projects in supply chain management

Cited by 57 publications

References 42 publications

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

Blockchain Technology for Secure Supply Chain Management: A Comprehensive Review

Internet of Things in Industry: Research Profiling, Application, Challenges and Opportunities—A Review

Traditional Investing vs New Trends: A Review of the Investment Landscape in Transition Towards Industry 4.0

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