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The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation

Author

Listed:
  • Zvonko Merkaš

    (Libertas International University, Zagreb, Croatia)

  • Davor Perkov

    (Libertas International University, Zagreb, Croatia)

  • Vesna Bonin

    (Libertas International University, Zagreb, Croatia)

Abstract

The purpose of this article is to identify blockchain's role in achieving logistic objectives, with the aim of pointing out the significance of blockchain technology in the digital transformation of logistics and transportation. Implementation of the blockchain technology in combination with IoT elements in logistics and transportation contributes to business process optimization, supply chain traceability and transparency, and significant financial savings. There are limitations as blockchain is at a relatively early stage of development with most projects. Therefore, the approach of theory building from multiple case studies was used. The article provides a comprehensive overview of current blockchain initiatives and use-cases. This article is believed to be the first to address the role of blockchain technology in achieving logistics objectives. Results from this research indicate that blockchain technology contributes to the achievement of logistics objectives.

Suggested Citation

  • Zvonko Merkaš & Davor Perkov & Vesna Bonin, 2020. "The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation," International Journal of E-Services and Mobile Applications (IJESMA), IGI Global, vol. 12(1), pages 1-20, January.
    • Handle: RePEc:igg:jesma0:v:12:y:2020:i:1:p:1-20
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    Cited by:

    1. Jacob Lohmer & Elias Ribeiro da Silva & Rainer Lasch, 2022. "Blockchain Technology in Operations & Supply Chain Management: A Content Analysis," Sustainability, MDPI, vol. 14(10), pages 1-88, May.
    2. Martinčević, Ivana & Sesar, Vesna & Buntak, Krešimir, 2021. "Implications of Accounting and Tax Treatment of Cryptocurrencies," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2021), Hybrid Conference, Zagreb, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Hybrid Conference, Zagreb, Croatia, 9-10 September 2021, pages 376-388, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.

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