Supply chain transparency through blockchain-based traceability: An overview with demonstration

•Blockchain-based traceability solutions bring better transparency in supply chain.•Literature on blockchain-based traceability solutions are mostly conceptual.•Blockchain cannot supersede the existing technologies, but can complement them.•Smart contracts make blockchain traceability solutions more...

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Published inComputers & industrial engineering Vol. 150; p. 106895
Main Authors Sunny, Justin, Undralla, Naveen, Madhusudanan Pillai, V.
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.12.2020
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Abstract •Blockchain-based traceability solutions bring better transparency in supply chain.•Literature on blockchain-based traceability solutions are mostly conceptual.•Blockchain cannot supersede the existing technologies, but can complement them.•Smart contracts make blockchain traceability solutions more effective.•Blockchain based traceability systems are not free from shortcomings. Traceability can be referred to as the ability to track and trace information. Application of traceability can create transparency in supply chains. Conventionally available, centralized traceability solutions are not preferable for supply chains as they are exposed to many problems such as data manipulations, single point of failure, etc. Blockchain, the recently emerged distributed ledger technology, is gaining popularity with its tremendous applications in various fields, particularly in supply chain management. Technically, blockchain is a decentralized and distributed database where information can be securely recorded. Blockchain-based traceability solutions can tackle the shortcomings of centralized traceability solutions. Firms have already started incorporating blockchain into their supply chain activities in order to improve the transparency through tracking and tracing the events. This paper ultimately aims to present an overview of the various blockchain-based traceability solutions reported in the literature. Primarily, this work provides an insight on the possibilities of blockchain traceability solutions in making a supply chain transparent. Apart from this, it analyses how blockchain traceability solutions affect the visibility of various supply chain distribution network designs, and gives an outline on how technologies such as the Internet of Things (IoT), and smart contracts elevate the opportunities of blockchain. In order to demonstrate how blockchain traceability solutions improve supply chain transparency, a Proof of Concept (PoC) for a cold chain scenario is presented using Microsoft Azure Blockchain Workbench.
AbstractList •Blockchain-based traceability solutions bring better transparency in supply chain.•Literature on blockchain-based traceability solutions are mostly conceptual.•Blockchain cannot supersede the existing technologies, but can complement them.•Smart contracts make blockchain traceability solutions more effective.•Blockchain based traceability systems are not free from shortcomings. Traceability can be referred to as the ability to track and trace information. Application of traceability can create transparency in supply chains. Conventionally available, centralized traceability solutions are not preferable for supply chains as they are exposed to many problems such as data manipulations, single point of failure, etc. Blockchain, the recently emerged distributed ledger technology, is gaining popularity with its tremendous applications in various fields, particularly in supply chain management. Technically, blockchain is a decentralized and distributed database where information can be securely recorded. Blockchain-based traceability solutions can tackle the shortcomings of centralized traceability solutions. Firms have already started incorporating blockchain into their supply chain activities in order to improve the transparency through tracking and tracing the events. This paper ultimately aims to present an overview of the various blockchain-based traceability solutions reported in the literature. Primarily, this work provides an insight on the possibilities of blockchain traceability solutions in making a supply chain transparent. Apart from this, it analyses how blockchain traceability solutions affect the visibility of various supply chain distribution network designs, and gives an outline on how technologies such as the Internet of Things (IoT), and smart contracts elevate the opportunities of blockchain. In order to demonstrate how blockchain traceability solutions improve supply chain transparency, a Proof of Concept (PoC) for a cold chain scenario is presented using Microsoft Azure Blockchain Workbench.
ArticleNumber 106895
Author Sunny, Justin
Undralla, Naveen
Madhusudanan Pillai, V.
Author_xml – sequence: 1
  givenname: Justin
  surname: Sunny
  fullname: Sunny, Justin
– sequence: 2
  givenname: Naveen
  orcidid: 0000-0001-6073-8996
  surname: Undralla
  fullname: Undralla, Naveen
– sequence: 3
  givenname: V.
  surname: Madhusudanan Pillai
  fullname: Madhusudanan Pillai, V.
  email: vmp@nitc.ac.in
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Microsoft Azure
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SubjectTerms Blockchain
Microsoft Azure
Proof of Concept (PoC)
Traceability
Transparency
Title Supply chain transparency through blockchain-based traceability: An overview with demonstration
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