Blockchain for Supply Chain Management: A Literature Review and Open Challenges

Abstract

In the era of digital transformation, supply chain management faces major challenges induced by the lack of transparency and the evolving industry. In this context, blockchain technology has emerged as a possible answer to the future problems of the supply chain. In this paper, we present a systematic literature review on blockchain in the context of supply chains. The goal of our work is to present the factors and capabilities of blockchain technology that contribute to improving supply chain resilience. We also show which supply chain management factors limit the use of blockchain technology. Based on this, we identify various areas and applications of blockchain technology to support supply chains and highlight current work in the field. From the reviewed literature, we deduce a number of open challenges regarding the application of blockchains in the context of supply chains, e.g. the need (a) to improve the implementation process, (b) to make blockchain more cost-effective, (c) to educate potential users regarding blockchain security aspects, and (d) to further digitize supply chains as part of the digital transformation process.