An Analysis of Blockchain Adoption in Supply Chains Between 2010 and\n 2020

Abstract

In this research, the evolution of Distributed Ledger Technology (DLT) in\nsupply chains has been mapped from the inception of the technology until June\n2020, utilising primarily public data sources. Two hundred seventy-one\nblockchain projects operating in the supply chain have been analysed on\nparameters such as their inception dates, types of blockchain, stages reached,\nsectors applied to and type of organisation that founded the project. We\nconfirm generally understood trends in the blockchain market with the creation\nof projects following the general hype and funding levels in the industry. We\nobserve most activity in the Agriculture/Grocery sector and the\nFreight/Logistics sector. We see the shift of market interest from primarily\nprivate companies (startups) to public companies and consortia and the change\nin blockchain adoption from Ethereum to Hyperledger. Finally, we observe higher\nsuccess and lower failure rates for Hyperledger-based projects in comparison to\nEthereum-based projects.\n