Merging supply chain and blockchain technologies

TL;DR

This paper explores how blockchain technology can address transparency and resource sharing challenges in supply chains, proposing three scenarios to enhance information traceability and organizational efficiency.

Contribution

It introduces three novel scenarios applying blockchain to improve data transparency and resource sharing in supply chain management.

Findings

Blockchain enhances data transparency in supply chains.

Blockchain facilitates resource sharing among organizations.

Proposed scenarios demonstrate practical applications of blockchain in logistics.

Abstract

Technology has been playing a major role in our lives. One definition for technology is all the knowledge, products, processes, tools,methods and systems employed in the creation of goods or in providing services.This makes technological innovations raise the competitiveness between organizations that depend on supply chain and logistics in the global market. With increasing competitiveness, new challenges arise due to lack of information and assets tractability. This paper introduces three scenarios for solving these challenges using the Blockchain technology. In this work, Blockchain technology targets two main issues within the supply chain, namely, data transparency and resource sharing. These issues are reflected into the organizations strategies and plans.