Need, Role, and Impact of Blockchain in the Manufacturing and Logistics Industries

Abstract

Blockchain technologies have lately risen to the top of the academic and industry agendas, owing to their potential advantages across a wide range of sectors. This is due to their practical skills in resolving many problems that are presently impeding progress in different industrial sectors. These problems include securely capturing and exchanging transactional data, creating automated and efficient supply chain procedures, and improving transparency throughout the whole value chain. Blockchain provides an effective method to address these problems using distributed, shared, secure, and permission transactional ledgers. The uses of blockchain technology in the manufacturing and logistics sectors have been examined in this chapter. The study shows many possibilities for using blockchain in different industrial sectors; nevertheless, certain obstacles must be solved before this technology can be fully used. This chapter also covers case studies and difficulties encountered in the industrial and logistics sectors while using blockchain.