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- Title
Supply Chain Transformation with Blockchain Deployment: Enhancing Efficiency and Effectiveness.
- Authors
Madhani, Pankaj M.
- Abstract
Blockchain is considered the most trending technology that may significantly impact businesses across the globe as it streamlines deficiencies of inter- and intra-organizational business processes by making them immutable, decentralized, secure, transparent, and operational-efficient. The applications of blockchain have begun to revolutionize different aspects of supply chain and operations management and help in reducing costs and risks and improving quality, flexibility, speed, and sustainability. Blockchain adds the most value to supply chains through its extended visibility and product traceability and makes supply chains more responsive and resilient against market disruptions. The study explores the deployment of blockchain technology to supply chain operations and differentiates traditional supply chains versus blockchain-enabled supply chains. It develops various frameworks to highlight the likely improved performance as blockchain deployment enhances the efficiency and effectiveness of the supply chain and ultimately leads to competitive advantages.
- Subjects
SUPPLY chains; SUPPLY chain management; BLOCKCHAINS; VALUE chains
- Publication
IUP Journal of Supply Chain Management, 2021, Vol 18, Issue 4, p7
- ISSN
0972-9267
- Publication type
Article