Blockchain-enabled Supply Chain Management: Implications for the Land Transportation Sector
Year: 2024
Type: article
Abstract: Blockchain technology is effecting a transformation in land transportation, enhancing both the efficiency and security of supply chains. This paper delineates the principal attributes of blockchain technology, including decentralization, transparency, and security, and their ramifications for transportation systems. The integration of blockchain technology can enhance traceability, optimize operational efficiency, and cultivate trust among stakeholders while guaranteeing data integrity. It presentsopportunities for regulatory compliance, cost reduction, and sustainability, particularly when integrated with IoT devices for enhanced monitoring. Nevertheless, obstacles such as technical complexities and regulatory ambiguities may impede the comprehensive adoption of this technology. Future research should concentrate on the practical implementation and scalability of blockchain technology, with the transportation sector assuming an active role in the development of applications that will facilitate more efficient and sustainable supply chains.
Author: Todor Koritarov
Institution: Nikola Vaptsarov Naval Academy
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W6911882882
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