Abstract
The main purpose of this paper is to investigate the research development in supply chain risk management (SCRM) and to connect the new emerging digital technology Blockchain that could help to mitigate risks in any supply chain. Emerging literature, case studies, citations are used to fulfil this the task. The study will explore Blockchain and supply chain risks in details and will compare, how Blockchain based supply chain can mitigate these risks. There are many risks associated to supply chains but we will limit our study to only supply risk and study different areas of Blockchain application in supply chain with supply risk. Blockchain technologies have a potential to upgrade current supply chains. This will not only increase its performance in terms of speedy flow of raw material, finished goods, information and money flow but also help to mitigate current risk in supply chain by increasing visibility and transparency of supply chain. Smart contracts, IoT and Blockchain can serve together to achieve maximum efficiency and effectiveness in SCM. This research contributes to explore further research fields of Blockchain technology in different areas of supply chain risk management.
Highlights
The concept of this research is to understand the emerging digital technology of Blockchain and its possibilities in the field of logistics and supply chain management and in which aspects it can help in risk management
There are many digitization technologies, which can be integrated to develop the new generation of supply chain
Chain is growing in complexity from many other digitization technologies
Summary
The concept of this research is to understand the emerging digital technology of Blockchain and its possibilities in the field of logistics and supply chain management and in which aspects it can help in risk management. The implications of technology probably change supply chain operations and risk involved with them. With the emerging of digital technology record keeping and accessing of stored information have changed the modern world in every aspect of life. Sharing of information is one of main advantages of internet. Till original papers with sign and stamps are needed to process our legal and official work in all over supply chain because information shared with internet is not immutable and is controlled by some central authority. Blockchain is a new emerging technology and a lot of research is being carried out for its extensive application
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