Securing logistics system and supply chain using Blockchain

Abstract

Past international trade practices have been associated with opaque information flows that have hindered traceability and created hurdles in hassle‐free trade. Blockchain and allied technologies have been investigated as a panacea for the problems faced by supply chain and logistics industry. Network analysis also uncovered twenty types of legal and antisocial entities operating on bitcoin and provided a path for uncovering these antisocial entities. However, earlier works of literature have focused on limited aspects of a typical supply chain such as monitoring assets, securing traceability, data integrity negligence, and data access. To overcome such drawbacks, this article proposes permissioned Blockchain with relevant processes and functions to obtain a holistic framework for securing the supply chain and logistic operations. The efficacy of the proposed framework was demonstrated in the case study. Comparative study was performed with the existing frameworks where the proposed framework was found to be better at four counts compared on the basis of data integrity in supply chain, decentralized decision making and traceability. It was found that critical loopholes in a current supply chain can be overcome using the proposed framework.

Quantifying the degree of change in supply chain determinants and resilience during the 2014–2015 economic crisis and the COVID-19 pandemic: placing emphasis

“…Sources: [Alicke et al, 2019;Kumar et al, 2021;Le, 2020;Melnyk, 2020;Meyer, 2021;Nielsen et al, 2020;Norwood Peel, 2021;Saunders et al, 2021;Schwab, 2017;] 22,23,24,25,26,27,28,29,30 Окончание табл. 1 • усиление менеджмента среднего звена путем замены его на сотрудников, недавно окончивших университеты с новыми подходами и знаниями в управлении;…”

Logistics 4.0 measurement model: empirical validation based on an international survey

“…According to the survey results, the usage of decision support systems for planning and controlling of logistics (Item 11) was not attached to consistent importance. This can be explained because the potential of advanced decision support systems using industrial big data analytics and machine learning algorithms, is not well known in the industry especially because of a lack of skilled personnel (Rogers and Kalinova, 2021;Kumar et al, 2021). Similarly, also the limitation of data accessibility to different stakeholders (item 16) and the assurance of data security throughout the supply chain were not rated consistently as important (Item 1).…”

Blockchain technology in foreign trade management: which blockchain alternative is more suitable?

“…Network rules can be pre-selected by the person or institution authorized in the network. The data in this blockchain network can be set open or private (Wüst and Gervais, 2018; Bakan and Şekkeli, 2019; Unal and Uluyol, 2020; Kumar et al , 2021).…”

“…Another benefit of blockchain technology to foreign trade is in LPs. Blockchain technology has great potential to reduce logistics and supply chain costs (Kumar et al , 2021). Blockchain technology can provide instant monitoring of logistics operations.…”