Abstract:Integration of blockchain systems into industrial applications show promise in increasing security, trust, and transparency along the value-chain during product and process tracking. However, current solutions suffer performance deficiencies, or often disregard legacy devices still in operation. We propose a blockchain system built upon an IoT architecture that is secure, modular, easily scalable, and deployable for fast certification of manufacturing data, compatible with current industrial landscapes. First,… Show more
“…The currency can serve as a voucher (namely an Ethereum Request for Comment (ERC) token without smart contracts), and its value can be mapped to FIAT at a fixed price. PoA consensus mechanism was also selected in the case of the proposed architecture for fast certification of manufacturing data, compatible with current industrial landscapes [76]. A general-purpose PoA consensus mechanism is employed due to the permissioned nature of the certification system.…”
Section: Consensus Mechanismmentioning
confidence: 99%
“…The open question thus remains with all the proposed concepts of how increased scalability of the system affects decentralization and security [67]. Does this scalable solution change decentralization and security in such a way that such an approach would no longer guarantee trust in the system [76]? In the literature at the moment, no work has yet addressed how the Scalability trilemma of blockchain technology is reflected in the behavior of the users.…”
Researchers in the field of smart manufacturing have recognized the benefits of blockchain technology, which solves the trust problem in the open network without relying on any trusted third party. Blockchain technology enables interaction between otherwise competing manufacturing entities to satisfy increasing customer demands in a trustful way. However, existing blockchain networks are facing limitations, which are defined by the trade-off between scalability, decentralization, and security. The scalability of the blockchain network is defined as the ability of the network to support an increasing load of transactions and it is lower compared to the non-blockchain systems. In order to omit the effects of the limitations, scalability solutions are being presented. This research reviews the literature in the field of blockchain-supported manufacturing concerning scalability solutions. The selected literature has been reviewed and classified according to the type of scalability solution. For each type of scalability solution, the main features of the concepts and connection between blockchain technology and manufacturing system are highlighted and discussed. The main findings of the study are that Layer 1 scalability solutions are better represented in the literature and are predominating in the case of general smart manufacturing systems, whereas Layer 2 scalability solutions are better represented in the case of specific smart manufacturing systems. Based on insights obtained from the presented analysis, future directions and open issues regarding the scalability limitations and solutions in blockchain-supported manufacturing are presented.
“…The currency can serve as a voucher (namely an Ethereum Request for Comment (ERC) token without smart contracts), and its value can be mapped to FIAT at a fixed price. PoA consensus mechanism was also selected in the case of the proposed architecture for fast certification of manufacturing data, compatible with current industrial landscapes [76]. A general-purpose PoA consensus mechanism is employed due to the permissioned nature of the certification system.…”
Section: Consensus Mechanismmentioning
confidence: 99%
“…The open question thus remains with all the proposed concepts of how increased scalability of the system affects decentralization and security [67]. Does this scalable solution change decentralization and security in such a way that such an approach would no longer guarantee trust in the system [76]? In the literature at the moment, no work has yet addressed how the Scalability trilemma of blockchain technology is reflected in the behavior of the users.…”
Researchers in the field of smart manufacturing have recognized the benefits of blockchain technology, which solves the trust problem in the open network without relying on any trusted third party. Blockchain technology enables interaction between otherwise competing manufacturing entities to satisfy increasing customer demands in a trustful way. However, existing blockchain networks are facing limitations, which are defined by the trade-off between scalability, decentralization, and security. The scalability of the blockchain network is defined as the ability of the network to support an increasing load of transactions and it is lower compared to the non-blockchain systems. In order to omit the effects of the limitations, scalability solutions are being presented. This research reviews the literature in the field of blockchain-supported manufacturing concerning scalability solutions. The selected literature has been reviewed and classified according to the type of scalability solution. For each type of scalability solution, the main features of the concepts and connection between blockchain technology and manufacturing system are highlighted and discussed. The main findings of the study are that Layer 1 scalability solutions are better represented in the literature and are predominating in the case of general smart manufacturing systems, whereas Layer 2 scalability solutions are better represented in the case of specific smart manufacturing systems. Based on insights obtained from the presented analysis, future directions and open issues regarding the scalability limitations and solutions in blockchain-supported manufacturing are presented.
Purpose
The purpose of this study is to explore the potential impact of blockchain technology on supply chain performance (SCP). This study further delves into the enablers of blockchain adoption (BA) in SCM and investigates both the direct and mediated effects of blockchain assimilation on garnering a competitive edge in the supply chain and bolstering innovation proficiency, ultimately enhancing SCP.
Design/methodology/approach
This study used a quantitative approach, leveraging partial least squares structural equation modelling. Empirical data were sourced from 500 validated data sets obtained through questionnaires.
Findings
The results indicate that technological readiness and knowledge sharing are key drivers for integrating blockchain into supply chains, with technology readiness displaying a substantially stronger influence. Furthermore, BA significantly enhances supply chain innovation capabilities (SCIC), competitive performance (CP) and overall supply chain efficiency. Notably, both SCIC and CP mediate and amplify the positive effects of blockchain on SCP, emphasising the vital role of innovation and competition in optimising the benefits of blockchain.
Originality/value
To the best of the authors’ knowledge, this study is the first to bridge the gap in the literature connecting SCM and blockchain. The established model augments the theoretical discourse on the SCM-blockchain, offering scholars a validated framework that can be adapted and built upon in future studies.
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