Managing Supply Chain Digitalization With Blockchain Technology

Abstract

Digitization of manufacturing supply chain operations is essential in changing management practices and enhancing business transparency-related aspects. The digitalization of supply chain business processes often exploits emerging technologies such as radio frequency identification (RFID), the internet of things (IoT), data analytics, cloud computing, and blockchain technology to reshape supply chain management. The IoT technology integrates various smart objects (or things) to form a network, share data among the connected objects, store data, and process data to support business applications. However, some of the IoT infrastructural components are a shortage of computational processing power and local data storing ability, and these components are very vulnerable to the privacy and security of collected data. This chapter presents an information system architecture consisting of IoT and blockchain technology to maintain data security and transparency and how this helps improve business operations.