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Blockchains for Supply Chain Management: Architectural Elements and Challenges Towards a Global Scale Deployment

Author

Listed:
  • Antonios Litke

    (Electrical and Computer Engineering school, National Technical University of Athens, 157 73 Athens, Greece)

  • Dimosthenis Anagnostopoulos

    (Department of Informatics and Telematics, Harokopio University of Athens, 176 76 Athens, Greece)

  • Theodora Varvarigou

    (Electrical and Computer Engineering school, National Technical University of Athens, 157 73 Athens, Greece)

Abstract

Blockchains are attracting the attention of stakeholders in many industrial domains, including the logistics and supply chain industries. Blockchain technology can effectively contribute in recording every single asset throughout its flow on the supply chain, contribute in tracking orders, receipts, and payments, while track digital assets such as warranties and licenses in a unified and transparent way. The paper provides, through its methodology, a detailed analysis of the blockchain fit in the supply chain industry. It defines the specific elements of blockchain that affect supply chain such as scalability, performance, consensus mechanism, privacy considerations, location proof and cost, and details on the impact that blockchains will have in disrupting the supply chain industry. Discussing the tradeoff between consensus cost, throughput and validation time it proceeds with a suggested high-level architectural approach, and concludes as a result with a discussion on changes needed and challenges faced for an in-vivo deployment of blockchains in the supply chain industry. While the technological features of modern blockchains can effectively facilitate supply chain uses cases, the various challenges that still remain, bring in front of us a wide set of needed changes and further research efforts for achieving a global, production level blockchain for the supply chain industry.

Suggested Citation

  • Antonios Litke & Dimosthenis Anagnostopoulos & Theodora Varvarigou, 2019. "Blockchains for Supply Chain Management: Architectural Elements and Challenges Towards a Global Scale Deployment," Logistics, MDPI, vol. 3(1), pages 1-17, January.
    • Handle: RePEc:gam:jlogis:v:3:y:2019:i:1:p:5-:d:198740
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    References listed on IDEAS

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    1. Peter Verhoeven & Florian Sinn & Tino T. Herden, 2018. "Examples from Blockchain Implementations in Logistics and Supply Chain Management: Exploring the Mindful Use of a New Technology," Logistics, MDPI, vol. 2(3), pages 1-19, September.
    2. Mario Dobrovnik & David M. Herold & Elmar Fürst & Sebastian Kummer, 2018. "Blockchain for and in Logistics: What to Adopt and Where to Start," Logistics, MDPI, vol. 2(3), pages 1-14, September.
    3. Peters, Gareth W. & Panayi, Efstathios & Chapelley, Ariane, 2015. "Trends in cryptocurrencies and blockchain technologies: a monetary theory and regulation perspective," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 92-113.
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    Cited by:

    1. Moritz Berneis & Herwig Winkler, 2021. "Value Proposition Assessment of Blockchain Technology for Luxury, Food, and Healthcare Supply Chains," Logistics, MDPI, vol. 5(4), pages 1-18, December.
    2. Victoria Akberdina & Wadim Strielkowski & Natalia Linder & Sergey Kashirin & Lyudmila Shmeleva, 2023. "Information Technology and Digital Sufficiency for Building the Sustainable Circular Economy," Energies, MDPI, vol. 16(3), pages 1-14, January.
    3. Pythagoras N. Petratos & Alessio Faccia, 2023. "Fake news, misinformation, disinformation and supply chain risks and disruptions: risk management and resilience using blockchain," Annals of Operations Research, Springer, vol. 327(2), pages 735-762, August.
    4. Abderahman Rejeb & John G. Keogh & Suhaiza Zailani & Horst Treiblmaier & Karim Rejeb, 2020. "Blockchain Technology in the Food Industry: A Review of Potentials, Challenges and Future Research Directions," Logistics, MDPI, vol. 4(4), pages 1-26, October.
    5. Pedro Azevedo & Jorge Gomes & Mário Romão, 2023. "Supply chain traceability using blockchain," Operations Management Research, Springer, vol. 16(3), pages 1359-1381, September.

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