Improving supply chain reliability with blockchain technology

【Author】 Korepin, Vadim; Dzenzeliuk, Natalia; Seryshev, Roman; Rogulin, Rodion

【Source】MARITIME ECONOMICS & LOGISTICS

【影响因子】3.841

【Abstract】The present study aims to develop a mechanism for improving supply chain reliability using blockchain technology. The objectives of the study are (1) to evaluate 23 countries on their ease of doing business based on blockchain technology; (2) to look at the structure of blockchain technology; and (3) to create a blockchain-based mechanism for reliability improvement in supply chains. To understand how blockchain and supply chains are integrated, we have conducted a systematic review of the latest supply chain trends. The results show that supply chain actors crave improved visibility and traceability of goods moving through the supply chain. We show how blockchain technology could contribute to this. We use the Blockchain & Cryptocurrencies Regulation Index methodology to obtain empirical data. Supply chain weak points are identified, and blockchain-based means to fix them are highlighted. Findings show that blockchain is a game-changer that improves the exchange of data between network participants, making them transparent, accessible, immutable, and secure. Blockchain was also found to have a positive impact on supply chain collaboration. However, this technology also comes with certain political and legal risks that need to be overcome.

【Keywords】Logistics environment; Blockchain; Smart contact; Information technology; Data exchange; Transparency

【发表时间】2021

【收录时间】2022-01-02

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