A Survey on Using Blockchain in Trade Supply Chain Solutions

Blockchain has emerged as a promising technology to ensure trust between parties. By using this technology, we can establish a secure communication paradigm, where data integrity and immutability can be guaranteed. These inherited features underline blockchain as a suitable technology to optimise th...

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Bibliographic Details
Published inIEEE access Vol. 7; pp. 184115 - 184132
Main Authors Juma, Hussam, Shaalan, Khaled, Kamel, Ibrahim
Format Journal Article
LanguageEnglish
Published Piscataway IEEE 2019
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subjects
Blockchain
Blockchain technology
Cryptography
Distributed ledger
Domains
Dubai customs
International trade
Monitoring
Supply chains
Task analysis
trade supply chain
Transportation
world customs organization
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Summary:Blockchain has emerged as a promising technology to ensure trust between parties. By using this technology, we can establish a secure communication paradigm, where data integrity and immutability can be guaranteed. These inherited features underline blockchain as a suitable technology to optimise the adopted processing model in several domains, such as health, trade supply chain and food safety. In this paper, we present a detailed overview of the use of blockchain technology in (international) trade supply chains. Furthermore, the discussed proposals have been classified based on the target application scenarios. Our goal is to clarify the benefits of applying this technology to the trading domain and highlight the challenges that are associated with applying this technology to optimise the trading domain. Accordingly, we underline several issues that occur during the designing of the blockchain solution to optimise the (international) trade supply chain.
ISSN:2169-3536
2169-3536
DOI:10.1109/ACCESS.2019.2960542