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Blockchain-Based Supply Chain Management: A Challenge Yet an Opportunity to Gauge

Blockchain-Based Supply Chain Management: A Challenge Yet an Opportunity to Gauge

Fazeelat Masood, Naveed R. Khan, Mustafa Rehman Khan
Copyright: © 2024 |Pages: 19
ISBN13: 9798369304822|ISBN13 Softcover: 9798369304860|EISBN13: 9798369304839
DOI: 10.4018/979-8-3693-0482-2.ch015
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MLA

Masood, Fazeelat, et al. "Blockchain-Based Supply Chain Management: A Challenge Yet an Opportunity to Gauge." Achieving Secure and Transparent Supply Chains With Blockchain Technology, edited by Mustafa Rehman Khan, et al., IGI Global, 2024, pp. 267-285. https://doi.org/10.4018/979-8-3693-0482-2.ch015

APA

Masood, F., Khan, N. R., & Khan, M. R. (2024). Blockchain-Based Supply Chain Management: A Challenge Yet an Opportunity to Gauge. In M. Khan, N. Khan, & A. Ghouri (Eds.), Achieving Secure and Transparent Supply Chains With Blockchain Technology (pp. 267-285). IGI Global. https://doi.org/10.4018/979-8-3693-0482-2.ch015

Chicago

Masood, Fazeelat, Naveed R. Khan, and Mustafa Rehman Khan. "Blockchain-Based Supply Chain Management: A Challenge Yet an Opportunity to Gauge." In Achieving Secure and Transparent Supply Chains With Blockchain Technology, edited by Mustafa Rehman Khan, Naveed Rehman Khan, and Arsalan Mujahid Ghouri, 267-285. Hershey, PA: IGI Global, 2024. https://doi.org/10.4018/979-8-3693-0482-2.ch015

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Abstract

In the post-COVID business environment, IR 5.0 seems to be one of the causes as well as the cure of immense disruptions in the supply chain and network management. Cause in a sense that IR 5.0 technologies have given a new face to the optimization of supply chain efficiencies with the advent of new technologies. In doing so, IR 5.0 serves as the cure for pandemic-caused scarcity of data exchange, visibility, and traceability. Adding to the notion, blockchain is an IR 5.0 technology that stores and distributes data among all stakeholders. In the supply chain, the use of blockchain technology enables data storage in different databases with ease of data distribution among stakeholders who are a part of the supply chain network. This chapter aims to broaden readers' understanding of blockchain and supply chain management. Complementing academic research with practical examples where possible, this chapter establishes an understanding of the challenges and opportunities in the adoption, promotion, and facilitation of blockchain-based supply chain management.

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