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Blockchain: A Makeover to Supply Chain Management

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Recent Advances in Operations Management Applications

Part of the book series: Lecture Notes in Mechanical Engineering ((LNME))

Abstract

Blockchain, the distributed ledger technology with phenomenal capabilities, is gaining the attention of supply chain managers. This paper is all about how blockchain renovates the current supply chain management practices. It discusses the major shortcomings of existing supply chains and the ways blockchain halts them. Shortcomings are identified from the literature and mapping is done with the characteristics of blockchain technology with proper justification. Blockchain has numerous possibilities in the domain of supply chain management and this paper presents them from different perspectives. Based on the evidences from the literature, this paper investigates how blockchain can influence the flow of money, material and information in a supply chain along with important applications. The possible combinations of blockchain with other technologies are identified and their scope in supply chain management is briefly discussed. Ultimately, this paper lists out the core attributes of blockchain-enabled supply chains. A comprehensive view of some of the real-world use-cases is also presented in this paper. In short, this paper provides a short reference for the readers, to understand the way how blockchain is being a makeover to supply chain management.

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Author information

Authors and Affiliations

  1. Department of Mechanical Engineering, National Institute of Technology Calicut, Kozhikode, India

    Justin Sunny & V. Madhusudanan Pillai

  2. Department of Computer Science and Engineering, National Institute of Technology Calicut, Kozhikode, India

    Kenil Shah, Prajwal Ghoradkar, Manu Jose, Malhar Shirswar & Hiran V. Nath

Authors
  1. Justin Sunny
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  2. Kenil Shah
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  3. Prajwal Ghoradkar
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  4. Manu Jose
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  5. Malhar Shirswar
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  6. Hiran V. Nath
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  7. V. Madhusudanan Pillai
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Corresponding author

Correspondence to V. Madhusudanan Pillai .

Editor information

Editors and Affiliations

  1. Department of Industrial and Production Engineering, Dr. B. R. Ambedkar National Institute of Technology, Jalandhar, India

    Anish Sachdeva

  2. Department of Mechanical Engineering, Indian Institute of Technology-Roorkee, Uttarakhand, India

    Pradeep Kumar

  3. Reliability & Maintainability Engineering, North Dakota State University, Fargo, ND, USA

    O. P. Yadav

  4. Department of Industrial and Production Engineering, Dr. B. R. Ambedkar National Institute of Technology, Jalandhar, India

    Mohit Tyagi

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Sunny, J. et al. (2022). Blockchain: A Makeover to Supply Chain Management. In: Sachdeva, A., Kumar, P., Yadav, O.P., Tyagi, M. (eds) Recent Advances in Operations Management Applications. Lecture Notes in Mechanical Engineering. Springer, Singapore. https://doi.org/10.1007/978-981-16-7059-6_26

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  • DOI: https://doi.org/10.1007/978-981-16-7059-6_26

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-16-7058-9

  • Online ISBN: 978-981-16-7059-6

  • eBook Packages: EngineeringEngineering (R0)

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