Blockchain-integrated technologies for solving supply chain challenges
24 May 2021-Vol. 3, Iss: 2, pp 78-97
TL;DR: It is shown how blockchain technology can enhance flexibility and agility in supply chain operations and the solution is given through the integration of blockchain and other technologies like Internet of Things and artificial intelligence.
Abstract: Blockchain technology was developed to synchronize the data and transactions over the supply chain network and connected nodes. This paper aims to show how blockchain technology can enhance flexibility and agility in supply chain operations. The integration of blockchain and other recently developed technology can help deal with supply chain uncertainties and other challenges being faced by the industry.,Through an extensive literature review of existing research papers and conversation with supply chain managers, barriers and challenges in the supply chain were identified. Some elements were researched of blockchain technology that can be used to resolve some challenges. Blockchain technology and other technologies integration is developed for implementation in supply chain for better visibility and efficiency of supply chain.,The challenges in the supply chain are categorized, and the solution is given through the integration of blockchain and other technologies like Internet of Things and artificial intelligence. The integration shows the execution of tasks through blockchain and various technologies in supply chain.,Blockchain in supply chain is finding its strong place in India when compared to developing nations. There is a need for technology experts, supply chain managers and consumers to understand blockchain’s importance. Challenges faced by industries to use blockchain may be analyzed further with real-life industry case studies.,This research helps enterprises in successful execution of smart technologies in their supply chains. This research helps enterprises in successful execution of smart technologies in their supply chains. Managers and practitioners may use the models developed in real-time implementation. The technologies are described in detail to help the practitioners select the best suitable for their organization.,Digital supply chains are finding the way in industries due to lean and efficient nature. It is beneficial to use the smart technologies to make supply chain green and sustainable.,The implementation of the digital supply chain and its challenges are discussed in the research paper. This will work as a platform for research in the area of technologies for supply chain.
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30 Jun 2022
TL;DR: In this paper , the authors conducted a systematic review of 60 articles on the research topic by considering the publication during the period 2017 to 2021, and investigated the evolutionary changes in the supply chain's operational functions in the digital and industrial revolution 4.0 context.
Abstract: The latest technological advancements have forced logistics and supply chain digitization in general. Organizations that embrace and prepare for change can survive and maintain a competitive position in the new global business environment. In contrast, the industrial businesses that do not implement the new rules will not survive long and will eventually be obsolete. Therefore, the concept of digitization and industrial revolution 4.0 in supply chain management was intended to be reviewed to determine its trending dimensions. This paper conducted a systematic review of 60 articles on the research topic by considering the publication during the period 2017 to 2021. The paper investigated the evolutionary changes in the supply chain's operational functions in the digital and industrial revolution 4.0 context. The main objective of reviewing articles was to identify the new trend on the search topic. Some trends identified in the current research include the use of blockchain in the supply chain and the nine elements of industry 4.0, the internet of things. The paper is equally significant for researchers and practitioners as it explains industry 4.0 and supply chain digitization trends. Future research can evaluate the mathematical, decision-making, and simulation techniques to support the research domain by increasing its applicability. This research allows us to consider the validation of the digital supply chain models and their components presented preliminary by experts that provide a headway toward emerging and new constructs in this domain.
13 citations
TL;DR: In this article , a critical review contains 121 articles from the recent decade that investigate the present situation and rationale of the AI and blockchain combination, and the gaps and problems of this combination in the linked literature.
Abstract: It is undeniable that the adoption of blockchain- and artificial intelligence (AI)-based paradigms is proceeding at lightning speed. Both paradigms provide something new to the market, but the degree of novelty and complexity of each is different. In the age of digital money, blockchains may automate installments to allow for the safe, decentralized exchange of personal data, information, and logs. AI and blockchains are two of the most talked about technologies right now. Using a decentralized, secure, and trustworthy system, blockchain technology can automate bitcoin payments and provide users access to a shared ledger of records, transactions, and data. Through the use of smart contracts, a blockchain may also regulate user interactions without the need for a central authority. As an alternative, AI provides robots with the ability to reason and make decisions and human-level intellect. This revelation led to a thorough assessment of the AI and blockchain combo created between 2012 and 2022. This critical review contains 121 articles from the recent decade that investigate the present situation and rationale of the AI and blockchain combination. The integration’s practical application is the emphasis of this overview’s meatiest portion. In addition, the gaps and problems of this combination in the linked literature have been studied, with a focus on the constraints.
9 citations
TL;DR: In this paper , the authors presented a framework to address supply chain risk through digital transformation through innovation and blockchain, which can offer an innovative platform to ready the supply chain for future dynamic situations, and also offered the utilization of a framework followed by propositions to reduce supply chain risks in the digital transformation era.
Abstract: Purpose The high degree of likely disruption challenges organizations at all levels to develop and implement innovative strategies. Ensuring supply chain continuity even during emergency and complex situations is critical for organizations. Therefore, this study explores some strategies adopted by firms based on innovation and blockchain-enabled digital transformation to reduce risk in their supply chain. Design/methodology/approach This study follows the qualitative form of enquiry. The authors interviewed 26 professionals from the supply chain domain. After three-layered coding and mapping multiple layers to the data of interviews, the authors identified emerging themes and sub-themes through a thematic analysis. Findings The authors identified type of risks that can affect global supply chains along with both the role of blockchain and innovation culture in minimizing the degree of such risks and the challenges in adopting blockchain technologies. This led us to develop a framework to address supply chain risk through digital transformation through innovation and blockchain. Practical implications This research offers exciting implications for practice by drawing on the insights gathered to facilitate supply chain risk management through innovation and blockchain applications for organizations that are strongly impacted by digital transformation practices around the world. The study also offers the utilization of a framework followed by propositions to reduce supply chain risks in the digital transformation era. Originality/value This study focuses on presenting a mechanism of supply chain risk management through the application of innovation and blockchain technology for the digital transformation of a value chain. Blockchain can offer an innovative platform to ready the supply chain for future dynamic situations.
8 citations
TL;DR: In this article , the benefits obtained after smart objects and embedded networks of IoT are implanted in the traditional supply chain system are explored, and the concept of smart carriage, loading/unloading, transportation, warehousing, and packaging for the secure distribution of products is presented.
Abstract: The traditional supply chain system included smart objects to enhance intelligence, automation capabilities, and intelligent decision-making. Internet of Things (IoT) technologies are providing unprecedented opportunities to enhance efficiency and reduce the cost of the existing system of the supply chain. This article aims to study the prevailing supply chain system and explore the benefits obtained after smart objects and embedded networks of IoT are implanted. Short-range communication technologies, radio frequency identification (RFID), middleware, and cloud computing are extensively comprehended to conceptualize the smart supply chain management system. Moreover, manufacturers are achieving maximum benefits in terms of safety, cost, intelligent management of inventory, and decision-making. This study also offers concepts of smart carriage, loading/unloading, transportation, warehousing, and packaging for the secure distribution of products. Furthermore, the tracking of customers to convince them to make more purchases and the modification of shops with the assistance of the Internet of Things are thoroughly idealized.
8 citations
TL;DR: In this paper , a state-of-the-art review of blockchain and artificial intelligence (AI) in the field of supply chains is presented, where the authors identify relevant research studies that have contributed both conceptually and empirically to the expansion and accumulation of intellectual wealth in the supply chain discipline through the integration of Blockchain and AI.
Abstract: The integration between blockchain and artificial intelligence (AI) has gained a lot of attention in recent years, especially since such integration can improve security, efficiency, and productivity of applications in business environments characterised by volatility, uncertainty, complexity, and ambiguity. In particular, supply chain is one of the areas that have been shown to benefit tremendously from blockchain and AI, by enhancing information and process resilience, enabling faster and more cost-efficient delivery of products, and augmenting products’ traceability, among others. This paper performs a state-of-the-art review of blockchain and AI in the field of supply chains. More specifically, we sought to answer the following three principal questions: Q1—What are the current studies on the integration of blockchain and AI in supply chain?, Q2—What are the current blockchain and AI use cases in supply chain?, and Q3—What are the potential research directions for future studies involving the integration of blockchain and AI? The analysis performed in this paper has identified relevant research studies that have contributed both conceptually and empirically to the expansion and accumulation of intellectual wealth in the supply chain discipline through the integration of blockchain and AI.
6 citations
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