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Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable

Year: 2024

Type: article

Abstract: Supply Chain Management (SCM) is a critical part of all businesses that dictates their success and customer satisfaction.The COVID-19 pandemic and other disruptions exposed critical shortcomings in SCM, such as material and labor scarcity, high freight prices, and demand forecasting complexities.These developments have called for an urgent need to explore ways to make supply chains more resilient.Digital technologies like blockchain, QR codes, and RFID tags are recognized for enhancing transparency and traceability.The paper focuses on enhancing the resilience of supply chains, emphasizing transparency and reliability.It presents a case study of a regional Australian food processing company and evaluates a blockchain-based SCM model to address its upstream supply chain and logistics issues.A smart contract of the proposed model is validated via simulation on Remix IDE.The model promotes total quality by facilitating real-time tracking for rapid fault identification, enabling timely, costefficient procurement of raw materials and inventory, and reducing waste.The framework enshrines the principles of the green supply chain, crucial for the SDGs of the UN's 2030 Agenda.

Source: Operations and Supply Chain Management An International Journal

DOI: 10.31387/oscm0580434

Authors: Mojtaba Enayati, Prasad Gudimetla, Sudha Arlikatti

Institutions: Amrita Vishwa Vidyapeetham, Central Queensland University

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Responsible consumption and production

Open Access status: diamond

Funders: Amrita Vishwa Vidyapeetham University, Central Queensland University