A Guidance for Blockchain-Based Digital Transition in Supply Chains

Abstract

Blockchains play a crucial role in the digitalization of future supply chains (SCs). In this study, we analyzed the major influences that blockchain-based digital business strategies may play in SC operations. We conducted 18 interviews with international experts from different sectors and analyzed the collected data using the grounded theory approach, identifying four major categories. A set of three matrices is presented to address those elements that may support digital transition procedures in SCs: (1) value of trust and automation, (2) transformative role for operations, and (3) digital business strategy identification. As an additional result, a reference framework was identified for the evaluation and detection of those aspects to be taken into consideration during blockchain adoption in SCs. For use as a guide, this result comprises 22 recommendations and was framed in four progressive steps as follows: (1) identify, (2) assess, (3) design, and (4) assure.

Blockchain-Based Information Management for Supply Chain Data-Platforms

“…Blockchain uses asymmetric cryptographic protocols and through a consensus model, it allows data to be acquired by the system in a pre-established logic. Concerning decentralized databases, these logics (smart contracts) use methods (tokens) to process and exchange information in the network [10,11].…”

“…Blockchain technology is an aggregate of previous existing technologies [10][11][12] and improves on established concepts such as smart contracts launched in the 1990s [13] or digital currencies of the 1980s [14].…”

“…All the benefits stakeholders can obtain by blockchain deployment are related with immutable information and sharing; however, it is fundamental to avoid centralized platforms [11]. In a blockchain deployment, neither party would be the owner of the blockchain infrastructure [7].…”

“…Consequently, blockchain can be part of the digital transition, contributing to a reliable adoption by companies; however, it will be necessary to develop an extremely precise design for the tasks blockchain would have to include [11]. Blockchain can be considered as a service for SC stakeholders, providing enhancements on existing processes [10].…”