American Journal of Business and Operations Research
AJBOR
2692-2967
2770-0216
10.54216/AJBOR
https://www.americaspg.com/journals/show/1762
2018
2018
Blockchain Technology in Supply Chain Management: A Review of Business Applications and Future Directions
Accounting Department, Faculty of Commerce, Kafr El Sheikh University, Egypt
Dina K.
Hassan
Accounting Department, Faculty of Commerce, Mansoura University, Egypt
Ahmed K.
Metawee
Dassault Systemes Deutschland GmbH, Meitnerstraße 8, 70563 Stuttgart, Germany
Bassem
Hassan
Blockchain technology has the potential to revolutionize supply chain management (SCM) by increasing transparency, improving efficiency, and reducing costs. This paper reviews the business applications of blockchain technology in SCM and identifies future directions for its use. We explore the current applications of blockchain technology in SCM, including tracking and tracing of goods, verification of product authenticity, and automating supply chain processes. Then, we examine the benefits and challenges of implementing blockchain technology in SCM and discuss the potential impact on various stakeholders, including suppliers, manufacturers, distributors, retailers, and consumers. Following, we identify future directions for research and development in blockchain technology for SCM, including the integration of AI and ML, the use of smart contracts, and the development of new blockchain-based business models.
2020
2020
60
69
10.54216/AJBOR.010201
https://www.americaspg.com/articleinfo/1/show/1762