Track: Supply Chain

Abstract

Increasing global demands in the supply chain in this fast-paced world entails more transparent and efficient supply chain management, which can be encountered with the use of blockchain technology combined with the Internet of Things (IoT). This study explains the effects of blockchain technology combined with IoT in terms of transparency, risk reduction, flexibility, speed from the customer’s demand to the customer’s deliverable. Supply chain objectives are achieved using various mechanisms of blockchain technology by which the customer can track the real nature of the products getting delivered to them, which surges the value and trust of the organization. The blockchain is a decentralized, digitized, public ledger of all cryptocurrency transactions. By implementing blockchain, the traceability and capacity to share information about production processes will be made easier and trustworthy. Traceability takes center stage in organizations supply chain; furthermore, it is a tool in fighting product counterfeiting and protecting brands. Implementing blockchain can revolutionize the way a supply chain works. This paper examines the case-studies on early implementation of block technology with IoT with special importance on the degree of deployment of blockchain technology for validation, transparency, and traceability purpose at various industries; such as e-commerce, food, and warehousing.