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Transformation of Logistics Value Chain for Enhancing Cross-Border Trade Using Blockchain and IoT

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Abstract

Keeping aside the theories stating how the blockchain can redefine the current businesses and their logistics, the prevailing research areas are restricted, especially regarding frameworks, and categorize blockchain application potentials and their implications. Particularly, the research done in this area has not been able to distinguish between adoption and identification of the right business opportunities, i.e. ‘what to adopt’ and ‘where to start’. While adopting blockchain technology, a range of factors need to be considered, apart from the technological focus of most of the current works. After conducting a detailed literature review, our paper focuses on exploring various methodologies that could have been adopted to implement the proposed idea that deals with incorporating the unique technology—Blockchain, by apprehending the multifaceted relationships that exist between technical, market and institutional factors. The proposed system gives a solution to the problems faced during international export and import of goods and deliveries. The system aims to create a supply chain management system of goods and track them at regular intervals of time. The data is stored in a block and as a smart contract. An intensive literature review was conducted, and domain knowledge related to blockchain and its applications, smart contracts, Ethereum-based contracts, etc. was acquired. A suitable methodology was proposed, and implementation has been done successfully.

Keywords

  • Blockchain
  • IoT
  • Ethereum
  • Smart contracts
  • Supply chain
  • Logistics

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  • DOI: 10.1007/978-3-030-93344-9_14
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Chadha, G.K., Shrivastava, A., Mehrotra, D., Nagpal, R. (2022). Transformation of Logistics Value Chain for Enhancing Cross-Border Trade Using Blockchain and IoT. In: Idrees, S.M., Nowostawski, M. (eds) Transformations Through Blockchain Technology . Springer, Cham. https://doi.org/10.1007/978-3-030-93344-9_14

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  • DOI: https://doi.org/10.1007/978-3-030-93344-9_14

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  • Publisher Name: Springer, Cham

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