Abstract

This research focuses on analyzing the state of the art of the blockchain technology and in publicizing the potential applications and implementations that the blockchain can deliver to the supply chain. For this, it will be explained in a simple way technology and its operation in the supply chain and case studies of real companies that are currently betting on this technological revolution, capable of improving the efficiency of any process logistic.

Highlights

  • Blockchain is the technology that supported the well-known cryptocurrency Bitcoin, invented by Satoshi Nakamoto in 2008

  • It took a little longer for the community specialized in supply chain management, realized the impact that Blockchain could have on the industry

  • Blockchain is at the fifth level, which implies that this technology “is ready to integrate in systems and the algorithms can run on processors with similar characteristics to those of an operating environment” [13], but it implies that the network is still in development and cannot yet be applied in real situations

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Summary

Introduction

Blockchain is the technology that supported the well-known cryptocurrency Bitcoin, invented by Satoshi Nakamoto in 2008. The main premise was to create transparency, all members of the network have access to the same data, which provides a single truth [2] It collects in their writings reflections of different authors that deal with the potential of Blockchain technology [3]. Especially small and medium-sized companies, claim to have little knowledge about Blockchain technology [8] This can be explained through the theory of diffusion innovation [9], and because of the lack of convincing real use cases that clearly show the benefit of applying the blockchain above other existing Information Technology services and solutions. As a last objective, illustrate and encourage medium and small companies to participate in this technological revolution, through real cases of large organizations who are currently implementing the Blockchain system in their operations, achieving efficiency improvements in your processes and considerable cost savings

Blockchain
Strengths
Weaknesses
Opportunities
Threat
Application of Blockchain Technology in Supply Chain
Application of Blockchain in Pharmaceutical Industry
Application of Blockchain in Automotive Industry
Application of Blockchain in Food Industry
Findings
Conclusion
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