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Leveraging Blockchain Technology in Sustainable Supply Chain Management and Logistics

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Blockchain Technologies for Sustainability

Abstract

Traditional supply chain management (SCM) has some drawbacks concerning real-time and secure data about goods in transit. These require transparency to establish trust among various entities involved. Currently, it is being managed by third-party centralized controllers which make data more vulnerable. These disadvantages can be overcome by the adoption of blockchain in SCM. Blockchain is a decentralized ledger for storing, recording, managing, and transmitting data in a peer-to-peer (P2P) network. In such protocols, immutable cryptographic signatures named as hash are used to record transactions. It records information in such a manner that makes it completely impossible to alter, change, cheat or hack the system. Verification of transactions and consensus algorithms maintain data integrity and security. This paper works toward providing a brief survey on recent advances in SCM and comprehensively shows different ways of integrating blockchain technology in SCM according to different use cases. This paper comprehensively presents the evolution of blockchain technology and its current state. It provides a summary of different types of blockchain and the internal architecture of a standard blockchain protocol. The paper encapsulates some standard consensus methods such as proof of stake and proof of work. Further, the work summarizes various challenges associated with inculcating blockchain and highlights the major future research scopes in this context.

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Authors and Affiliations

  1. Department of Computer Science and Engineering, School of Engineering and Technology, Sharda University, Uttar Pradesh, India

    Bharat Bhushan, Kaustubh Kadam, Rajnish Parashar, Shubham Kumar & Amit Kumar Thakur

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  1. Bharat Bhushan
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  2. Kaustubh Kadam
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  4. Shubham Kumar
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  1. SgT Group and API, Kowloon, Hong Kong

    Subramanian Senthilkannan Muthu

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Bhushan, B., Kadam, K., Parashar, R., Kumar, S., Thakur, A.K. (2022). Leveraging Blockchain Technology in Sustainable Supply Chain Management and Logistics. In: Muthu, S.S. (eds) Blockchain Technologies for Sustainability. Environmental Footprints and Eco-design of Products and Processes. Springer, Singapore. https://doi.org/10.1007/978-981-16-6301-7_9

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