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Blockchain for the Supply Chain: What Is It? Where Is It Being Used?

In: DIGITIZATION IN SUPPLY CHAIN MANAGEMENT Trends, Challenges and Solutions

Author

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  • Ronald Lembke

Abstract

We describe many leading blockchain supply chain projects in shipping, trucking, grocery, pharmaceuticals, retail, mining and information technology. After an explanation of blockchain technology and terms, we explain how hashing algorithms provide security to blockchains. Blockchains allow individual items or lots of items to be tracked for traceability and provenance. This also helps protect against counterfeits and deters theft. Non-Fungible Tokens can be used to track individual products, and ISO is developing such a standard. Universal Serial Numbers are necessary to ensure all parties are referring to the same individual item.

Suggested Citation

  • Ronald Lembke, 2024. "Blockchain for the Supply Chain: What Is It? Where Is It Being Used?," World Scientific Book Chapters, in: Sengun Yeniyurt & Steven Carnovale (ed.), DIGITIZATION IN SUPPLY CHAIN MANAGEMENT Trends, Challenges and Solutions, chapter 4, pages 37-74, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811286636_0004
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    More about this item

    Keywords

    Digitalization; Supply Chain Management; Blockchain; IoT; Digital;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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