DOI: https://doi.org/10.32515/2664-262X.2023.7(38).2.231-236

Analysis of the Possibility of Applying Blockchain Technology in the Field of Supply Chain Management

Ihor Shlionchak, Anatoliy Soltus, Maksym Rud

About the Authors

Ihor Shlionchak, Associate Professor, PhD in Technics (Candidate of Technics Sciences), Cherkassy State Technological University, Cherkassy, Ukraine, e-mail: igor_shlionchak@ukr.net

Anatoliy Soltus, Professor, Doctor in Technics (Doctor of Technic Sciences), Cherkassy State Technological University, Cherkassy, Ukraine, e-mail: a.p.soltus@gmail.com, ORCID ID: 0000-0001-5838-309X

Maksym Rud, Associate Professor, PhD in Technics (Candidate of Technics Sciences), Cherkassy State Technological University, Cherkassy, Ukraine, e-mail: m.rud@chdtu.edu.ua, ORCID ID: 0000-0002-8936-6812

Abstract

Human life in today's world is increasingly becoming faster and more popular in the digital format. Such a trend is observed in almost any sphere of human activity. And supply chain management is no exception. It is in the field of supply chain management that a digital approach to solving various problems is an extremely urgent task facing scientists today. The article provides a detailed analysis of the domestic and foreign experience of using blockchain technology. Positive experience of such use is shown. Attention is focused on the advantages and disadvantages of this technology. Monitoring of revenues of well-known global companies using the specified technology was carried out. The possibility of effective use of blockchain technology in the field of supply chain management in the Ukrainian perspective is emphasized, especially taking into account the European vector of the country's development. One of the European countries, namely Estonia, can be cited as an example of the effective use of blockchain technologies. One of the reasons for this is state support for digital technologies. The Estonian project is the most successful of the world's digital projects. Summing up, it should be noted that the application of blockchain technology has great prospects for effective use in the digital sphere of any human activity, in particular, in the management of supply chains. In the work, the main advantages and disadvantages of the mentioned technology were highlighted in order to establish greater efficiency of its application in the field of supply chain management. Based on the above, it should be concluded that blockchain digital technology is a promising system in the Ukrainian vector of European integration.

Keywords

supply chain management, supply chain, management technologies, digital format, transactions

Full Text:

PDF

References

1. Arenkov, I., Tsenzharik, M. & Vetrova, M. (2019) Digital technologies in supply chain management. Atlantis Highlights in Computer Sciences , № 1, 453-458 [in English].

2. Skits'ko, V.I. (2018). Synerhiia tsyfrovykh tekhnolohii v lohistychnykh systemakh [Synergy of digital technologies in logistics systems]. Kyiv: "Investments: practice and experience", № 16. 18-24 [in Ukrainian].

3. Burkovs'ka, A.V., Syzonenko, Yu.S. (2021). Napriamy vdoskonalennia lohistychnoi diialnosti pidpryiemstv [Directions of improvement of logistics activity of enterprises.]. Modern Economics, № 30, 52-56 [in Ukrainian].

4. Nikolaiev, S.O., Voronenko, V.I., Kovalov, B.L., Hrytsenko, P.V. & Odevole, O.O. (2021). Blokchejn iak faktor tsyfrovoi transformatsii ekonomiky Ukrainy [Blockchain as a factor in the digital transformation of the economy of Ukraine] . Visnyk Sums'koho derzhavnoho universytetu – Bulletin of Sumy State University. Economy series, 2, 16-23 [in Ukrainian].

5. Zhadko, K.S. (2022). Problemy vprovadzhennia peredovykh svitovykh tekhnolohij v umovakh tsyfrovoho biznesu . [Problems of implementing advanced global technologies in the conditions of digital business]. Naukovyj pohliad: ekonomika ta upravlinnia – Scientific view: economics and management, 1 (77), 51-60 [in Ukrainian].

6. Koibichuk, V.V. & Rozhkova, M.S., (2020). Doslidzhennia zastosuvannia blokchein-tekhnolohii u diialnosti svitovykh pidpryiemstv: metodychnyi pidkhid [Research on the application of blockchain technologies in the activities of global enterprises: a methodical approach], Pryazovsky Economic Bulletin – Pryazovsky Economic Bulleti, 4(21), 118-123 [in English].

7. Dursun, T. (2022). Blockchain Technology for Supply Chain Management. Industrial Engineering in the Internet-of-Things World, 203-217 [in Ukrainian].

8. Kuchinskyi, V.A., Kramskyi, D.Yu. & Pererva, P.G. (2022) . Perevahy ta nedoliky tekhnolohii blokchein v umovakh tsyfrovoi ekonomiky [Advantages and disadvantages of blockchain technology in the conditions of the digital economy]. Modern trends in the development of financial and innovation-investment processes in Ukraine : 5-a Mizhnar. nauk.-prakt. konf. (25 liutoho 2022 r., Vinnytsia) – 5th International Science and Practice Conference (pp.789-792). Vinnytsia: National Technical Univ. Electron [in Ukrainian].

Citations

  1. Arenkov I., Tsenzharik M., Vetrova M. Digital technologies in supply chain management. Atlantis Highlights in Computer Sciences. 2019. № 1. P. 453-458.
  2. Скіцько В.І. Синергія цифрових технологій в логістичних системах. Київ: «Інвестиції: практика та досвід». 2018. № 16. С. 18-24.
  3. Бурковська А. В., Сизоненко Ю. С. Напрями вдосконалення логістичної діяльності підприємств. Modern Economics. 2021. № 30(2021). С. 52-56.
  4. Ніколаєв, С. О., Вороненко, В. І., Ковальов, Б. Л., Гриценко, П. В., Одеволе, О. О. Блокчейн як фактор цифрової трансформації економіки України . Вісник Сумського державного університету. Серія Економіка. 2021. № 2. С. 16-23. DOI: 10.21272/1817-9215.2021.2-2
  5. Жадько К. С., Носова Т. І., Горященко Ю. Г. Проблеми впровадження передових світових технологій в умовах цифрового бізнесу . Науковий погляд: економіка та управління. 2022. №1 (77). С. 51-60.
  6. Койбічук В.В., Рожкова М.С., Дослідження застосування блокчейн-технологій у діяльності світових підприємств: методичний підхід . Приазовський економічний вісник. 2020. №4(21). С.118-123.
  7. Dursun T., Blockchain Technology for Supply Chain Management, Industrial Engineering in the Internet-of-Things World. 2022. Р. 203-217.
  8. Кучинський В. А., Крамський Д. Ю., Перерва П. Г. Переваги та недоліки технології блокчейн в умовах цифрової економіки . Сучасні тенденції розвитку фінансових та інноваційно-інвестиційних процесів в Україні = Modern trends in the development of financial and innovation-investment processes in Ukraine : матеріали 5-ї Міжнар. наук.-практ. конф., 25 лютого 2022 р. / ред. кол.: В. В. Зянько, І. Ю. Єпіфанова ; Вінниц. нац. техн. ун-т. Електрон. текст. дані. Вінниця, 2022. С. 789-792.
Copyright (c) 2023 Ihor Shlionchak, Anatoliy Soltus, Maksym Rud