Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable

Author(s):

  • Mojtaba Enayati (Amrita School for Sustainable Futures, Amrita Vishwa Vidyapeetham, India)
  • Prasad Gudimetla (School of Engineering and Technology, Central Queensland University, Australia)
  • Sudha Arlikatti (Amrita School for Sustainable Futures, Amrita Vishwa Vidyapeetham, India)
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Abstract:
Supply Chain Management (SCM) is a critical part of all businesses that dictates their success and customer satisfaction. The COVID-19 pandemic and other disruptions exposed critical shortcomings in SCM, such as material and labor scarcity, high freight prices, and demand forecasting complexities. These developments have called for an urgent need to explore ways to make supply chains more resilient. Digital technologies like blockchain, QR codes, and RFID tags are recognized for enhancing transparency and traceability. The paper focuses on enhancing the resilience of supply chains, emphasizing transparency and reliability. It presents a case study of a regional Australian food processing company and evaluates a blockchain-based SCM model to address its upstream supply chain and logistics issues. A smart contract of the proposed model is validated via simulation on Remix IDE. The model promotes total quality by facilitating real-time tracking for rapid fault identification, enabling timely, cost-efficient procurement of raw materials and inventory, and reducing waste. The framework enshrines the principles of the green supply chain, crucial for the SDGs of the UN’s 2030 Agenda.
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@article{oscm-2024-31,
  title={Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable},
  year={2024},
  author={Mojtaba Enayati and Prasad Gudimetla and Sudha Arlikatti},
  journal={Operations and Supply Chain Management: An International Journal},
  volume={17},
  number={3},
  pages={165--178},
  doi={10.31387/oscm0580434}
}
Mojtaba Enayati, Prasad Gudimetla, Sudha Arlikatti (2024). Blockchain Technology as a Tool to Make Supply Chains More Resilient and Sustainable. Operations and Supply Chain Management: An International Journal, 17(3), 165-178. https://doi.org/10.31387/oscm0580434