An Analysis of Blockchain Adoption in Supply Chains Between 2010 and 2020

In this research, the evolution of Distributed Ledger Technology (DLT) in supply chains has been mapped from the inception of the technology until June 2020, utilising primarily public data sources. Two hundred seventy-one blockchain projects operating in the supply chain have been analysed on param...

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Bibliographic Details
Published inarXiv.org
Main Authors Vadgama, Nikhil, Tasca, Paolo
Format Paper
LanguageEnglish
Published Ithaca Cornell University Library, arXiv.org 30.09.2020
Subjects
Blockchain
Consortia
Cryptography
Failure rates
Logistics
Supply chains
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Summary:In this research, the evolution of Distributed Ledger Technology (DLT) in supply chains has been mapped from the inception of the technology until June 2020, utilising primarily public data sources. Two hundred seventy-one blockchain projects operating in the supply chain have been analysed on parameters such as their inception dates, types of blockchain, stages reached, sectors applied to and type of organisation that founded the project. We confirm generally understood trends in the blockchain market with the creation of projects following the general hype and funding levels in the industry. We observe most activity in the Agriculture/Grocery sector and the Freight/Logistics sector. We see the shift of market interest from primarily private companies (startups) to public companies and consortia and the change in blockchain adoption from Ethereum to Hyperledger. Finally, we observe higher success and lower failure rates for Hyperledger-based projects in comparison to Ethereum-based projects.
ISSN:2331-8422