Blockchains for Supply Chain Management Networks

Abstract

Blockchain is a distributed and digital ledger which has transformed supply chains in various ways. In this chapter, we will investigate how blockchain can add value to the supply chain management system. This chapter will further investigate the influence of integrating blockchain technology to the current supply chain system and discuss its long-term implications. In essence, research has been carried out to verify if blockchain technology is capable of providing the transparency and the accountability the current Supply Chain Management (SCM) system lacks. The chapter looks at advantages and disadvantages of such integration and provides feedback and recommendations on the same. The research findings aim to provide better insight into current practices used by large logistic and supply industries and what the future holds for such companies using the SCM system.