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Journal of Automation and Information Sciences

Published 12 issues per year

ISSN Print: 1064-2315

ISSN Online: 2163-9337

SJR: 0.173 SNIP: 0.588 CiteScore™:: 2

Indexed in

Problems and Prospects of Blockchain Technology Usage in Supply Chains

Volume 51, Issue 11, 2019, pp. 63-74
DOI: 10.1615/JAutomatInfScien.v51.i11.60
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ABSTRACT

Global supply chains more and more depend on implementation of modern information technologies which contribute to expenses decrease, improvement of processes quality and increase of mutual transparency. Transition history tracking possibility between a sender and a consumer throughout the whole supply chain is a key factor especially if there is a distrust problem between chain members. This article studied principles of blockchain practical application and distributed ledger construction in addendums of blockchain. The main attention is paid to analysis of integration increase in supply chains between business partners based on digital data and web-transferred funds. The ways of application of blockchain technology to increase sustainability of agricultural product supply chain are determined. The application of blockchain technology in supply chain of agricultural product will provide a close connection between financial, logistic and commercial participants of trade and economic transactions with an opportunity of payments and supplies unification. The conducted analysis showed that blockchain technology concentrated around tangible and financial assets commerce is potentially the most interesting for both transactions and management processes inside organizations and between them. Processes, strategies and practice of blockchain technology application in supply chain indicate its vast potential and wide opportunities for development and increase of organizations efficiency. Blockchain technology application can increase competitive advantages of companies and decrease a risk by increasing a reliable information about supply chain members especially when two entities perform such operation for the first time.

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CITED BY
  1. Bag Surajit, Viktorovich Dmitriev Aleksandr, Sahu Atul Kumar, Sahu Anoop Kumar, Barriers to adoption of blockchain technology in green supply chain management, Journal of Global Operations and Strategic Sourcing, 14, 1, 2021. Crossref

  2. Titova L. L., Nichai I. M., Methodological provisions of technical level of use of complex of agricultural machines, Naukovij žurnal «Tehnìka ta energetika», 11, 3, 2020. Crossref

  3. Bhutta Muhammad Nasir Mumtaz, Ahmad Muneer, Secure Identification, Traceability and Real-Time Tracking of Agricultural Food Supply During Transportation Using Internet of Things, IEEE Access, 9, 2021. Crossref

  4. Rogovskii I L, Delembovskyi M M, Voinash S A, Scherbakov A P, Teterina I A, Sokolova V A, Reliability indexes of vibrating platforms for compaction of construction mixtures, IOP Conference Series: Materials Science and Engineering, 1047, 1, 2021. Crossref

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  6. Hijazi Amer A., Perera Srinath, Calheiros Rodrigo N., Alashwal Ali, Rationale for the Integration of BIM and Blockchain for the Construction Supply Chain Data Delivery: A Systematic Literature Review and Validation through Focus Group, Journal of Construction Engineering and Management, 147, 10, 2021. Crossref

  7. Zhong Weishun, Zhu Qing, Application of blockchain technology for resilient and sustainable supply chain management, BCP Business & Management, 29, 2022. Crossref

  8. ZAGURSKIY O., MODERN TRENDS IN DEVELOPMENT OF LOGISTICS MARKET, Naukovij žurnal «Tehnìka ta energetika», 12, 1, 2020. Crossref

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