Blockchain Technology in Supply Chain Management: Preliminary Study

Distributed Ledger Technologies in Supply Chain Security Management: A Comprehensive Survey

“…Chowdhury et al 2019 [1] Deng et al 2019 [66] Juma et al 2019 [68] Kim et al 2019 [51] Khalilov et al 2018 [64] Belotti et al 2019 [62] Ali et al 2019 [63] Gonczol et al 2019 [97] Al-Jaroodi et al 2019 [70] Kuperberg 2019 [87] Sharma et al 2019 [7] Salman et al 2019 [35] Pahlajani et al [49] Bernabe et al 2019 [61] Chowdhury et al 2018 [56] Park et al 2019 [65] Liu et al 2020 [80] Siris et al 2019 [6] Weiss et al 2019 [78] Mylrea et al 2018 [22] Islam et al 2020 [28] Asif 2019 [82] Yousuf et al 2019 [11] Onik et al 2019 [13] Ojo et al 2018 [17] Nalavade 2018 [20] Epiphaniou et al 2020 [50] Al-Zaben et al 2018 [60] Mushtaq et 2019 [67] Al-Jaroodi et al 2019 [71] Vafiadis et 2019 [69] AlTaei et 2018 [72] Saino et at 2019 [74] Nakasumi et at 2017 [76] Dunphy et al 2018 [77] Moyne et al 2019 [81] Hammoudeh et al 2020 [83] Shen et al 2020 [89] Sudhan et al 2017 [88] Wu et al 2019 [95] Risk Management…”

“…According to Yousef et al [11], the global complex SC could benefit from having minimum standards and requirements which various stakeholders should comply with. However, achieving security standardization in the global SC is difficult due to differences in government regulations around the world and organizations and suppliers having to comply with different rules depending on their home-base and their SC network.…”

“…Decentralization enables permissionless DLT-based systems to operate effectively and efficiently without centralized authorities. The data is also stored across multiple locations, removing the dependencies of any particular user, single point of failure, for the flow of information [11], [76], [44], [46]. This improves data availability, ensuring data is available to users in real-time, helping with the fulfilment of orders and relationship management.…”

“…Eliminating these bottlenecks will require the use of DLT in SCM [49]. Yousef et al [11] advocate the implementation of BC at each of the critical stages of SCM, from raw material production through to delivery of order to customers. Features of DLT such as immutability, traceability, trust, transparency and the distributed nature of the network make them a natural choice for SCM optimization across all SC types [93], [68].…”

“…Stakeholders of SCM ranges from small scale raw material producers such as farmers to multinational organizations and governments. The complex global nature of the Supply Chain (SC) presents multiple problems to SCM such as visibility, traceability, scalability, data flow management, trust and associated costs [11]. Industry 4.0, offers an inclusive, holistic approach to SCM through the amalgamation of digital technologies such as DLT, cyberphysical systems (CPS), interconnectivity and access to realtime information to optimize the delivery of goods and services [12], [13].…”