First, it's important to look at how the technology is being used in the supply chain. The most glaringly obvious use case is services and asset management, where blockchain is used to track ownership of items and minimize leakage, Nannra said....
The construction industry's high fragmentation, especially in its supply chain, has long suffered from ineffective communication between the multiple parties involved, which has led to sharing false and undated documents, thereby losing trust and causing delays to the project. Blockchain technology, ...
technology utilization benefits, challenges and functionalities”; Muhammad Nasir Mumtaz Bhutta et al., “A survey on blockchain technology: Evolution, architecture and security,”IEEE Access9 (2021): pp. 61048–73; Teodorescu and Korchagina, “Applying blockchain in the modern supply chain ...
In adopting blockchain technology for its supply chain, a company must first decide on the type of blockchain it would need to build. Recall that the bitcoin approach is a permissionless blockchain populated with parties that are not known or trusted. It resides in the...
The integration of blockchain technology in the Industrial Internet of Things (IIoT) for sustainable supply chain management in the context of Industry 4.0 offers several potential benefits. A public and auditable record of the environmental impact of each supply chain stage can be made using block...
Blockchain technology Benefits Threats Healthcare 1. Introduction 1.1. Background Blockchain technology was first introduced by Satoshi Nakamoto in 2008 through his Bitcoin cryptocurrency technology [1]. Since then, blockchain technology has been used in various industries such as business, finance, and...
Revenue Forecast in 2026 $3,272 million Market Size Value in 2020 $253 million Growth Rate 53.2% Key Market Growth Drivers Increasing popularity of blockchain technology in retail and SCM Key Market Opportunities Growing need for automating supply chain activities and eliminating middlemen ...
Blockchain: An insider's guide (free PDF)(TechRepublic) Executive's guide to implementing blockchain technology(ZDNet) Blockchain: A cheat sheet(TechRepublic) Alibaba pilots blockchain supply chain initiative down under(ZDNet) 5 companies using blockchain to drive their supply chain(TechRepublic) ...
Blockchain has raised in recent years as a novel and promising technology that might have a great impact in classical information systems (Berdik, Otoum, Schmidt, Porter, & Jararweh, 2021) in well-established fields such as finance, health, media, commerce, supply chains, IoT, etc. Its ...
The Internet of Things (IoT) represents a new technology that enables both virtual and physical objects to be connected and communicate with each other, and produce new digitized services that improve our quality of life. The IoT system provides several