Blockchain-Based Model to Improve the Performance of the Next-Generation Digital Supply Chain

Sumit Kumar Rana, Hee-Cheol Kim, Subhendu Kumar Pani, Sanjeev Kumar Rana, Moon-Il Joo, Arun Kumar Rana and Satyabrata Aich
Additional contact information
Sumit Kumar Rana: Computer Science and Engineering Department, Maharishi Markandeshwar (Deemed to be University), Ambala 133207, India
Hee-Cheol Kim: College of AI Convergence/Institute of Digital Anti-Aging Healthcare/u-AHRC, Inje University, Gimhae 50834, Korea
Subhendu Kumar Pani: Department of Computer Applications, Krupajal Computer Academy, Bhubaneswar 751002, India
Sanjeev Kumar Rana: Computer Science and Engineering Department, Maharishi Markandeshwar (Deemed to be University), Ambala 133207, India
Moon-Il Joo: Institute of Digital Anti-Aging Healthcare, Inje University, Gimhae 50834, Korea
Arun Kumar Rana: Department of Electronics and Communication Engineering, Panipat Institute of Engineering and Technology, Samalkha, Panipat 132102, India
Satyabrata Aich: Wellmatix Corporation Limited, Changwon 51395, Korea

Sustainability, 2021, vol. 13, issue 18, 1-16

Abstract: In the era of the fourth industrial revolution, all aspects of the industrial domain are being affected by emerging technologies. Digitalization of every process is taking place or under process. One of the most important components common to every domain is the supply chain process. Organizations employ a digital supply chain to track the delivery of their products or materials. The digital supply chain is still suffering from a few issues such as no provenance, less transparency, and a trust issue. Blockchain technology, one of the emerging technologies, can be integrated with the supply chain to deal with the existing issues and to improve its performance. In this paper, a model is proposed to integrate blockchain technology with the supply chain to improve performance. The proposed model uses the combination of the Ethereum blockchain and the interplanetary file system to maintain the traceability, transparency, and trustworthiness of the supply chain.

Keywords: blockchain; supply chain; digitalization; Ethereum blockchain; IPFS (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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