Abstract

Blockchain opportunities in supply chain.

Highlights

  • Blockchain has the potential to create new foundations for economic and social systems and building economic coordination using distributed ledgers augmented with computational features such as money, programmable contracts, and organizations made of software (DAOs, or distributed autonomous organizations)

  • Lack of visibility regarding the on-time performance of carriers results in internal customers issues mirrored with poor service of internal customers, including factories and end customers

  • Informal practices lead to a fragile supply chain depending on people and their relationships, making any change difficult and risky

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Summary

Introduction

Blockchain has the potential to create new foundations for economic and social systems and building economic coordination using distributed ledgers augmented with computational features such as money (cryptocurrencies), programmable contracts (e.g., smart contracts), and organizations made of software (DAOs, or distributed autonomous organizations). Lack of visibility regarding the on-time performance of carriers results in internal customers issues mirrored with poor service of internal customers, including factories and end customers. Multiple outsourcing with little oversight and black box of shipment execution result in unreliable data regarding the on-time performance of transport service providers, which translates into convenient long-term relationships between shipper and carrier.

Results
Conclusion

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