Influence of Blockchain Technology in Manufacturing Supply Chain and Logistics

Abirami Raja Santhi and Padmakumar Muthuswamy
Additional contact information
Abirami Raja Santhi: Communication Business Unit, ThinkPalm Technologies Pvt. Ltd., Chennai 600119, India
Padmakumar Muthuswamy: Technology Center (KSSPL GES), Kennametal India Ltd., Bangalore 560073, India

Logistics, 2022, vol. 6, issue 1, 1-22

Abstract: Background : Blockchain is a digitally managed, distributed, and decentralized ledger used to record transactions in an immutable format. Its characteristics in providing trust, transparency, and traceability make it attractive for applications where transactions are involved. Originally intended to support financial transactions, the technology has gained attention even in non-financial sectors such as health care, manufacturing, retail, and government services. Methods : For centuries, the various functions of manufacturing industries have worked based on the relationship and trust that they have with their upstream and downstream stakeholders. In addition, as the conventional factories are growing into giant gigafactories, the participation of several intermediaries further complicates the supply chain and logistics operations. Hence, the article aims to provide a comprehensive overview of the role of blockchain technology in addressing supply chain and logistics-related challenges by analyzing, organizing, and reviewing the literature. Results : The study shows that blockchain technology can transform the supply chain and logistics into secure, agile, trusted, and transparent functions. A conceptualized application scenario demonstrates the benefits of blockchain technology in providing provenance and traceability to critical products. Conclusions : In particular, a private or permissioned blockchain is suitable for multi-organizational businesses such as supply chain and logistics. In addition, IoT-blockchain integration, smart contracts, and asset tracking has immense benefits in the future.

Keywords: blockchain; manufacturing supply chain; smart contracts; asset tracking; distributed ledger; consensus mechanism; cyber security; Industry 4.0; Industry 5.0; cryptography (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.mdpi.com/2305-6290/6/1/15/pdf (application/pdf)
https://www.mdpi.com/2305-6290/6/1/15/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jlogis:v:6:y:2022:i:1:p:15-:d:744854

Access Statistics for this article

Logistics is currently edited by Ms. Mavis Li

More articles in Logistics from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().