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Challenges And Benefits Of Blockchain Implementation In Supply Chain

Author

Listed:
  • Cristian Negrutiu

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

This article presents the challenges and benefits of blockchain implementation in the supply chain. In a broader context, the article addresses how technology facilitates digitalization in a traditional industry, with no shortage of ideas and controversies. The findings are drawn from a case study of a Romanian tech startup. The empirical investigation uses interview and direct observation methods to show how the startup under study implements Industry 4.0 solutions based on blockchain technology. The findings demonstrate the feasibility of the technologies, the benefits for customers, and the challenges associated with them. So, it can be said that tech startups are real ambassadors of innovation and are able to change the status quo faster and easier. Their solutions and products have the potential to disrupt the industry and evolve into integrated platforms for artificial intelligence.

Suggested Citation

  • Cristian Negrutiu, 2022. "Challenges And Benefits Of Blockchain Implementation In Supply Chain," Cactus - The tourism journal for research, education, culture and soul, Bucharest University of Economic Studies, vol. 4(2), pages 46-55.
    • Handle: RePEc:bum:cactus:v:4:y:2022:i:2:p:46-55
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    File URL: https://www.cactus-journal-of-tourism.ase.ro/Pdf/vol_4_2/II_4_Negrutiu.pdf
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    More about this item

    Keywords

    blockchain; Industry 4.0; supply chain; tech start-ups;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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