Blockchain Driven Supply Chain and Industry 4.0 Technologies

Syed Ahsan Ali Zaman, Hamza Muhammad Dawood, Syeda Nageen Zehra and Syeda Zehra Saeed
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Syed Ahsan Ali Zaman: Kaunas University of Technology
Hamza Muhammad Dawood: University of Electronics Science and Technology
Syeda Nageen Zehra: University of Karachi
Syeda Zehra Saeed: Institute of Business and Management

A chapter in Blockchain Driven Supply Chain Management, 2023, pp 219-238 from Springer

Abstract: Abstract Supply chain networks present new business and financial prospects due to emerging technologies under industry 4.0. In order to advance supply chains toward sustainability, this study will give a general introduction to industry 4.0 (I4.0) and blockchain technology. Blockchain-driven supply chain management (Bscm) fundamentally alters conventional supply chain paradigms by establishing a shared, decentralized public ledger. When connected with Bscm, Industry 4.0 is more effective at constructing a stable and robust supply chain. It can manage multiple Bscm components, including product tracking, payments, database administration, and security. Nevertheless, blockchain and I4.0 technologies present implementation and security difficulties. The solution to these challenges could allow Bscm and I4.0 to improve industrial management systems. This chapter provides an overview of industry 4.0 and related technologies. We focus on the significance of I4.0 technologies in Bscm and their challenges and prospects. Finally, we outline obstacles that may give rise to future areas of study in BSC and I4.0.

Keywords: Industry 4.0 technologies; Digitalization; Digital transformation; Blockchain; Supply chain management (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-981-99-0699-4_13

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DOI: 10.1007/978-981-99-0699-4_13

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