This paper is about a new supply chain model that has been developed using some Blockchain features. The model represents a cooperative platform structure including financing and promising a significant cost saving potential.
The first section covers a description of the blockchain technology addressing readers not deeply familiar with the necessary blockchain terminology and details for understanding the potential impact on business applications and Logistics / Supply Chains.
In the recent past first blockchain applications concentrated on the financial sector, resulting in disruptive business models <FinTechs> challenging primarily banks and other legacy systems depending on trusted intermediaries like insurances or notaries. The spectrum of blockchain attributes enables this technology being applied in other business sectors, like Healthcare, Energy, Telco, Real Estate and Retail.
Now, the logistics / supply chain area enjoys rather high attention. The report summarizes actual initiatives and pilot applications. Finally, the report proposes an innovative supply chain structure based on blockchain technology for discussion.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Introduction
- Blockchain Technology
- Understanding Blockchain
- What is a Blockchain?
- Glossary / Terminology
- More advanced / specialized Blockchains
- Smart Contracts
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report explores the potential of blockchain technology to revolutionize supply chain management. It examines the fundamental principles of blockchain, its applications beyond the financial sector, and how it can address challenges related to trust, security, and transparency in business processes, particularly in the logistics and supply chain domain.
- Understanding the basics of blockchain technology and its applications
- Exploring the impact of blockchain on supply chain management, including its potential to enhance trust, security, and transparency
- Analyzing existing blockchain initiatives and pilot applications in the logistics sector
- Proposing a novel supply chain structure based on blockchain technology
- Evaluating the challenges and opportunities associated with implementing blockchain in supply chain management
Zusammenfassung der Kapitel (Chapter Summaries)
- Abstract: The abstract provides an overview of the report, introducing the key concepts of blockchain technology and its potential impact on business applications, particularly in logistics and supply chains. It outlines the main sections of the report, including an overview of blockchain technology, actual initiatives and pilot applications, and a proposed innovative supply chain structure.
- Introduction: This section explores the role of trust in various aspects of public, business, and private life, highlighting the need for secure and transparent processes. It emphasizes the significance of trust-providing institutions and their vulnerability to hacking attempts, underscoring the importance of data security and real-time transparency in the digital age.
- Blockchain Technology: The chapter dives into the technical aspects of blockchain, offering an accessible explanation for readers with limited IT knowledge. It traces the evolution of computing paradigms, showcasing blockchain as the latest paradigm. The chapter further explains the basic principles of blockchain, including the distributed ledger, miners, and proof-of-work concept. It also defines key terminology associated with blockchain technology.
- More advanced / specialized Blockchains: This section delves into the development of specialized blockchain technologies, including the concept of smart contracts. It explores how these contracts, based on blockchain principles, can automate and secure various business processes, particularly within the supply chain context.
Schlüsselwörter (Keywords)
The core keywords and concepts explored in this report include blockchain technology, supply chain management, trust, security, transparency, distributed ledger, miners, proof-of-work, smart contracts, digital currencies, and business applications. This report focuses on the potential of blockchain technology to revolutionize traditional supply chain structures, enhancing trust, security, and transparency while facilitating more efficient and streamlined business processes.
- Quote paper
- Klaus Spicher (Author), 2017, Blockchain technology. Future for supply chains?, Munich, GRIN Verlag, https://www.grin.com/document/591293
