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New Era in the Supply Chain Management With Blockchain: A Survey

New Era in the Supply Chain Management With Blockchain: A Survey

Jesus Alvarado, Malka N. Halgamuge
Copyright: © 2021 |Pages: 25
ISBN13: 9781799853510|ISBN10: 1799853519|EISBN13: 9781799853527
DOI: 10.4018/978-1-7998-5351-0.ch096
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MLA

Alvarado, Jesus, and Malka N. Halgamuge. "New Era in the Supply Chain Management With Blockchain: A Survey." Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government, edited by Information Resources Management Association, IGI Global, 2021, pp. 1770-1794. https://doi.org/10.4018/978-1-7998-5351-0.ch096

APA

Alvarado, J. & Halgamuge, M. N. (2021). New Era in the Supply Chain Management With Blockchain: A Survey. In I. Management Association (Ed.), Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government (pp. 1770-1794). IGI Global. https://doi.org/10.4018/978-1-7998-5351-0.ch096

Chicago

Alvarado, Jesus, and Malka N. Halgamuge. "New Era in the Supply Chain Management With Blockchain: A Survey." In Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government, edited by Information Resources Management Association, 1770-1794. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-5351-0.ch096

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Abstract

The results show that transparency and auditability, security and indelibility, and distribution and sustainability are the key attributes of blockchain-based solutions in 56% of the articles reviewed. These three aspects represent the foundation of blockchain technologies which may contribute positively to improve supply management processes. Moreover, immutability, tracking and tracing, and smart contracts are also included in nearly a third of the cases. Moreover, efficiencies and costs through this technology would reduce the costs in payment of intermediaries, reduce paperwork, and help in the shipment of physical documents. Supply chain plays a critical role in the global trade and urgently needs to reassess its models in searching for greater efficiencies. Moreover, better results in visibility across the chain will increase trust for the customers and all interested parties. Secure transactions, strong security mechanisms that prevent fraud and illegal practices, could be achieved through the blockchain.

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