An Integrated Impact of Blockchain Technology on Suppy Chain Management and the Logistics Industry

Abstract

The benefits of blockchain technology for supply chain management and logistics have been authenticated in recent years. It can support transparency and guarantee eventual, system-wide consensus on the validity of an entire history of transactions. As Conte de Leon et al. defined, blockchains would cause disrupting transformations in all types of industries when used in supply chain management. Logistic companies should engage in blockchain technology to adapt rapidly to changing market conditions and needs in today's dynamic business environment. Thus, this chapter provides a comprehensive overview of blockchain technology and focuses on crucial supply chain capabilities to create such transparency, flexibility, and mutual trust between supply chain partners.