International Journal of Information Technology and Computer Science (IJITCS)
IJITCS Vol. 15, No. 6, 8 Dec. 2023
Cover page and Table of Contents: PDF (size: 375KB)
Beyond the Hype: A Proposed Model Based on Critical Analysis of Blockchain Technology’s Potential to Address Supply Chain Issues
Full Text (PDF, 375KB), PP.50-64
Views: 0 Downloads: 0
Author(s)
A.S.M. Fazle Rabbi
1,*
T.M. Ragib Shahrier
1
Md. Mushfiqur Rahman Miraz
1
Sazia Rahman
1
Dip Nandi
1
Index Terms
Supply Chain, Blockchain, Traceability, Transparency, Decentralize
Abstract
This paper explores the proposed solutions based on blockchain technology's potential to solve supply chain management issues. The problems include lack of traceability and transparency, scalability and cost issues, sustainability, efficiency, patchwork logistics, and bullwhip effect issues. In this paper, we have suggested some solutions with the help of blockchain technology. The solutions can solve multiple significant issues in supply chain management. Our blockchain-based solutions can provide a secure and visible record of all transactions and data along the supply chain, which can improve traceability and transparency, a decentralized and efficient method of data processing and exchange that can also increase scalability and reduce cost, a transparent and accountable way to track and verify sustainability-related data. Our method can enable more streamlined and automated tracking and data sharing, helping to reduce the risk of delays and inefficiencies while mitigating the risk of the bullwhip effect by providing real-time visibility and enabling better communication and collaboration between parties. The paper discusses the implications and challenges of implementing blockchain in supply chain management.
Cite This Paper
A.S.M. Fazle Rabbi, T.M. Ragib Shahrier, Md. Mushfiqur Rahman Miraz, Sazia Rahman, Dip Nandi, "Beyond the Hype: A Proposed Model Based on Critical Analysis of Blockchain Technology’s Potential to Address Supply Chain Issues", International Journal of Information Technology and Computer Science(IJITCS), Vol.15, No.6, pp.50-64, 2023. DOI:10.5815/ijitcs.2023.06.05
Reference
[1]Lim, M.K., Li, Y., Wang, C. and Tseng, M.L., 2021. A literature review of blockchain technology applications in supply chains: A comprehensive analysis of themes, methodologies and industries. Computers & Industrial Engineering, 154, p.107133. Bozarth, C. B., & Handfield, R. B. (2006). Introduction to operations and supply chain management. Pearson—Prentice Hall.
[2]Kim, J.S. and Shin, N., 2019. The impact of blockchain technology application on supply chain partnership and performance. Sustainability, 11(21), p.6181.
[3]Dujak, D. and Sajter, D., 2019. Blockchain applications in supply chain. In SMART supply network (pp. 21-46). Springer, Cham.
[4]Mentzer, J.T., DeWitt, W., Keebler, J.S., Min, S., Nix, N.W., Smith, C.D. and Zacharia, Z.G., 2001. Defining supply chain management. Journal of Business logistics, 22(2), pp.1-25.
[5]Hugos, M.H., 2018. Essentials of supply chain management. John Wiley & Sons.
[6]Korpela, K., Hallikas, J. and Dahlberg, T., 2017, January. Digital supply chain transformation toward blockchain integration. In proceedings of the 50th Hawaii international conference on system sciences.
[7]Saberi, S., Kouhizadeh, M., Sarkis, J. and Shen, L., 2019. Blockchain technology and its relationships to sustainable supply chain management. International Journal of Production Research, 57(7), pp.2117-2135.
[8]Arshinder, Kanda, A. and Deshmukh, S.G., 2007. Coordination in supply chains: an evaluation using fuzzy logic. Production Planning & Control, 18(5), pp.420-435.
[9]Rasti, A. and Gheibi, A., 2018. A Coin Marketplace Implementation on Blockchain Using the Hyperledger Platform.
[10]Francisco, K. and Swanson, D., 2018. The supply chain has no clothes: Technology adoption of blockchain for supply chain transparency. Logistics, 2(1), p.2.
[11]Lemieux, V.L., 2017. Evaluating the use of blockchain in land transactions: An archival science perspective. European property law journal, 6(3), pp.392-440.
[12]Dutta, P., Choi, T.M., Somani, S. and Butala, R., 2020. Blockchain technology in supply chain operations: Applications, challenges and research opportunities. Transportation research part e: Logistics and transportation review, 142, p.102067.
[13]Monrat, A.A., Schelén, O. and Andersson, K., 2019. A survey of blockchain from the perspectives of applications, challenges, and opportunities. IEEE Access, 7, pp.117134-117151.
[14]Rogerson, M. and Parry, G.C., 2020. Blockchain: case studies in food supply chain visibility. Supply Chain Management: An International Journal, 25(5), pp.601-614.
[15]Androulaki, E., Barger, A., Bortnikov, V., Cachin, C., Christidis, K., De Caro, A., Enyeart, D., Ferris, C., Laventman, G., Manevich, Y. and Muralidharan, S., 2018, April. Hyperledger fabric: a distributed operating system for permissioned blockchains. In Proceedings of the thirteenth EuroSys conference (pp. 1-15).
[16]Liu, M., Wu, K. and Xu, J.J., 2019. How will blockchain technology impact auditing and accounting: Permissionless versus permissioned blockchain. Current Issues in auditing, 13(2), pp. A19-A29.
[17]Li, D., Wong, W.E. and Guo, J., 2020, January. A survey on blockchain for enterprise using hyperledger fabric and composer. In 2019 6th International Conference on Dependable Systems and Their Applications (DSA) (pp. 71-80). IEEE.
[18]Rajput, A.R., Li, Q., Ahvanooey, M.T. and Masood, I., 2019. EACMS: Emergency access control management system for personal health record based on blockchain. IEEE Access, 7, pp.84304-84317.
[19]Cole, R., Stevenson, M. and Aitken, J., 2019. Blockchain technology: implications for operations and supply chain management. Supply Chain Management: An International Journal.
[20]Niranjanamurthy, M., Nithya, B.N. and Jagannatha, S.J.C.C., 2019. Analysis of Blockchain technology: pros, cons and SWOT. Cluster Computing, 22(6), pp.14743-14757.