Blockchain for Challenges of Logistics and Supply Chain Information System

The globalization of Logistics and Supply Chain has escalated the demand for efficiency in its Information Systems and Security. With supply chain systems now crossing the boundaries, it has become increasingly important to manage the vast amount of data it generates. Conventional supply chain system has a lot of manual tasks to be done which is time consuming and makes it prone to more errors. Supply chain systems may leverage blockchain technology (BT) to streamline supply chain operations in a trustworthy and secure way. The integration of the blockchain into supply chain systems looks promising but has a lot of challenges right now. The challenges are primarily because of the relatively new technology with lack of standards and guidelines, risk of adoption, and other risks like cost, time and information sharing. This paper investigates the challenges of logistics and supply chain and its solutions using BT followed by analysis of their pros and cons.