Supply Chain Automation with Smart Contracts : Assessing Potentials of Blockchain Technology in the Logistics Sector
- As economies are getting more and more interconnected, the importance of the global logistics sector grew accordingly. However, both structural challenges and current events lead to recent supply chain disruptions, exposing the vulnerabilities of the sector. Simultaneously, blockchain has emerged as a key innovative technology with use cases going far beyond the exchange of virtual currencies. This paper aims to analyze how the technology is transforming global logistics and its challenges. Therefore, six use cases, are presented to give an overview of the technological possibilities of blockchain and smart contracts. The analysis combines theoretical approaches from scientific journals and combines them with findings from real-world implementations. The paper finds that the technology can change supply chain design fundamentally, with processes and decisions being automated and power within supply chain structures changing. However, implementations also face technological, environmental, and organizational challenges that need to be solved for wide-spread adoption.
Author: | Beat Weichsler |
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URN: | urn:nbn:de:bsz:mit1-opus4-134593 |
DOI: | https://doi.org/10.48446/opus-13459 |
ISSN: | 1437-7624 |
Parent Title (German): | Konferenzband zum Scientific Track der Blockchain Autumn School 2022 |
Publisher: | Hochschule Mittweida |
Place of publication: | Mittweida |
Document Type: | Conference Proceeding |
Language: | English |
Year of Completion: | 2022 |
Publishing Institution: | Hochschule Mittweida |
Contributing Corporation: | Westfälische Wilhelms-Universität Münster |
Release Date: | 2022/10/25 |
Tag: | Distributed Ledger Technologies |
GND Keyword: | Logistik; Supply Chain Management; Blockchain; Smart contract |
Issue: | 2 |
Page Number: | 9 |
First Page: | 9 |
Last Page: | 17 |
Open Access: | Frei zugänglich |
Licence (German): | Urheberrechtlich geschützt |