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Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable

Publication Type : Journal Article

Publisher : OSCM Publications

Source : International Journal Operations and Supply Chain Management, OSCM Publications, Volume 17, Issue 3, 2024.

Url : https://www.journal.oscm-forum.org/publication/article/blockchain-technology-as-a-tool-to-make-supply-chains-more-resilient-and-sustainable

Campus : Amritapuri

School : School for Sustainable Futures

Year : 2024

Abstract : Supply Chain Management (SCM) is a critical part of all businesses that dictates their success and customer satisfaction. The COVID-19 pandemic and other disruptions exposed critical shortcomings in SCM, such as material and labor scarcity, high freight prices, and demand forecasting complexities. These developments have called for an urgent need to explore ways to make supply chains more resilient. Digital technologies like blockchain, QR codes, and RFID tags are recognized for enhancing transparency and traceability. The paper focuses on enhancing the resilience of supply chains, emphasizing transparency and reliability. It presents a case study of a regional Australian food processing company and evaluates a blockchain-based SCM model to address its upstream supply chain and logistics issues. A smart contract of the proposed model is validated via simulation on Remix IDE. The model promotes total quality by facilitating real-time tracking for rapid fault identification, enabling timely, cost-efficient procurement of raw materials and inventory, and reducing waste. The framework enshrines the principles of the green supply chain, crucial for the SDGs of the UN’s 2030 Agenda.

Cite this Research Publication : Enayati, M., Gudimetla, P., and Arlikatti, S. (2024). "Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable," International Journal Operations and Supply Chain Management, OSCM Publications, Volume 17, Issue 3, 2024.

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