Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains
Blockchain is a disrupting technology that has the capability to completely alter the design, activities, and product flows in logistics and supply chain networks. It provides assurance of openness, immutability, transparency, security, and neutrality for all supply chain agents and stakeholders. In...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-03-01
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| Series: | Electronics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-9292/12/6/1340 |
| _version_ | 1797612221303357440 |
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| author | Mohammed Ali Alqarni Mohammed Saeed Alkatheiri Sajjad Hussain Chauhdary Sajid Saleem |
| author_facet | Mohammed Ali Alqarni Mohammed Saeed Alkatheiri Sajjad Hussain Chauhdary Sajid Saleem |
| author_sort | Mohammed Ali Alqarni |
| collection | DOAJ |
| description | Blockchain is a disrupting technology that has the capability to completely alter the design, activities, and product flows in logistics and supply chain networks. It provides assurance of openness, immutability, transparency, security, and neutrality for all supply chain agents and stakeholders. In this paper, we explore the improvements and tradeoffs introduced by using blockchains in logistics management in terms of the sustainability of society, the environment, and economic dimensions of the supply chain. Blockchain technology makes it much more difficult to counterfeit products by providing indisputable and immutable proof of the provenance of the raw materials, products, and sale to the end consumer. This can potentially enhance the trust of the consumer in the product and financially benefit the manufacturer through the protection of their intellectual property rights. This paper explores the benefits, applications, and issues related to the usage of blockchain and smart contracts for logistics and supply-chain management. We focus on the implementation, deployment, audit, and operational aspects of smart contracts in the blockchain applied to terrestrial, maritime, and aerial logistics networks. The paper also discusses opportunities and challenges that arise due to the use of smart contracts in these sectors. |
| first_indexed | 2024-03-11T06:39:15Z |
| format | Article |
| id | doaj.art-d024331874bc4901a60fa40a8c237139 |
| institution | Directory Open Access Journal |
| issn | 2079-9292 |
| language | English |
| last_indexed | 2024-03-11T06:39:15Z |
| publishDate | 2023-03-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Electronics |
| spelling | doaj.art-d024331874bc4901a60fa40a8c2371392023-11-17T10:44:09ZengMDPI AGElectronics2079-92922023-03-01126134010.3390/electronics12061340Use of Blockchain-Based Smart Contracts in Logistics and Supply ChainsMohammed Ali Alqarni0Mohammed Saeed Alkatheiri1Sajjad Hussain Chauhdary2Sajid Saleem3Department of Software Engineering, College of Computer Science and Engineering, University of Jeddah, Jeddah 23890, Saudi ArabiaDepartment of Cybersecurity, College of Computer Science and Engineering, University of Jeddah, Jeddah 23890, Saudi ArabiaDepartment of Computer Science and Artificial Intelligence, College of Computer Science and Engineering, University of Jeddah, Jeddah 23890, Saudi ArabiaDepartment of Computer and Network Engineering, College of Computer Science and Engineering, University of Jeddah, Jeddah 23890, Saudi ArabiaBlockchain is a disrupting technology that has the capability to completely alter the design, activities, and product flows in logistics and supply chain networks. It provides assurance of openness, immutability, transparency, security, and neutrality for all supply chain agents and stakeholders. In this paper, we explore the improvements and tradeoffs introduced by using blockchains in logistics management in terms of the sustainability of society, the environment, and economic dimensions of the supply chain. Blockchain technology makes it much more difficult to counterfeit products by providing indisputable and immutable proof of the provenance of the raw materials, products, and sale to the end consumer. This can potentially enhance the trust of the consumer in the product and financially benefit the manufacturer through the protection of their intellectual property rights. This paper explores the benefits, applications, and issues related to the usage of blockchain and smart contracts for logistics and supply-chain management. We focus on the implementation, deployment, audit, and operational aspects of smart contracts in the blockchain applied to terrestrial, maritime, and aerial logistics networks. The paper also discusses opportunities and challenges that arise due to the use of smart contracts in these sectors.https://www.mdpi.com/2079-9292/12/6/1340blockchainsupply chainlogisticsinternet of things |
| spellingShingle | Mohammed Ali Alqarni Mohammed Saeed Alkatheiri Sajjad Hussain Chauhdary Sajid Saleem Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains Electronics blockchain supply chain logistics internet of things |
| title | Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains |
| title_full | Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains |
| title_fullStr | Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains |
| title_full_unstemmed | Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains |
| title_short | Use of Blockchain-Based Smart Contracts in Logistics and Supply Chains |
| title_sort | use of blockchain based smart contracts in logistics and supply chains |
| topic | blockchain supply chain logistics internet of things |
| url | https://www.mdpi.com/2079-9292/12/6/1340 |
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