Highlights
Abstract
Keywords
1. Introduction
2. Literature review: supply chain objectives
3. Method
4. Brief descriptions of the selected cases
5. The roles of blockchain in achieving various strategic supply chain objectives
6. Discussion and implications
7. Challenges and limitations
8. Concluding remarks
Acknowledgements
References
Abstract
Arrival of blockchain is set to transform supply chain activities. Scholars have barely begun to systematically assess the effects of blockchain on various organizational activities. This paper examines how blockchain is likely to affect key supply chain management objectives such as cost, quality, speed, dependability, risk reduction, sustainability and flexibility. We present early evidence linking the use of blockchain in supply chain activities to increase transparency and accountability. Case studies of blockchain projects at various phases of development for diverse purposes are discussed. This study illustrates the various mechanisms by which blockchain help achieve the above supply chain objectives. Special emphasis has been placed on the roles of the incorporation of the IoT in blockchain-based solutions and the degree of deployment of blockchain to validate individuals’ and assets’ identities.
1. Introduction
Blockchain deployment outside finance has been largely experimental. Some of the most promising non-finance applications of blockchain are expected to include those in supply chain, power and food/agriculture. These areas are arguably strong fits for blockchain. These industrial use cases are believed to deliver real ROI at an early stage of blockchain development (Bünger, 2017). Among many activities that are likely to be transformed by blockchain, supply chain thus deserves special attention. An increasing reliance on the use of Internet-of-things (IoT) applications is among the trends that will affect supply chain management (SCM). With IoT, radio-frequency identification (RFID) tags, sensors, barcodes, GPS tags and chips, the locations of products, packages and shipping containers can be tracked at each step. This allows an enhanced, real-time tracking of goods from their origins. In this regard, for one thing, there is a deep thirst for a foolproof method for confirmed identity in IoT applications. The first of blockchain's direct benefits is that it provides a possible solution to identity management (Alam, 2016). Blockchain can be used in a supply chain to know who is performing what actions. Additionally, time and location of the actions can be determined.