Integration of IoT and Blockchain for Smart and Secured Supply Chain Management

Abstract

This chapter will focus on the combination of supply chain management and digital technology. Starting from the popular digital terms in the current market, the authors examine the current environment of the development, including Chinese government policies and the industry situation, and then compare the different characteristics of Industry 4.0 before and after digitization by combining the two digital technologies (i.e., blockchain and internet of things [IoT]). Moreover, the advantages of the integration of internet of things and blockchain in supply chain management will be highlighted. At the same time, according to the changes brought by digitization, the added value of IoT and blockchain integration will be analyzed from the perspective of different stakeholders. In addition, some Chinese case studies will be introduced to show the innovative performance of and benefits for enterprises, to provide references for enterprises, and to implement IoT for smart economic growth.