Blockchain Technology as a Risk Mitigation Tool in Supply Chain

Mian Wasim Layaq; Alexander Goudz; Bernd Noche; Muhammad Atif

doi:doi:10.11648/j.ijtet.20190503.12

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Blockchain Technology as a Risk Mitigation Tool in Supply Chain

Mian Wasim Layaq, Alexander Goudz, Bernd Noche, Muhammad Atif

Published in International Journal of Transportation Engineering and Technology (Volume 5, Issue 3)

Received: 24 September 2019 Accepted: 4 October 2019 Published: 15 October 2019

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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.

Published in	International Journal of Transportation Engineering and Technology (Volume 5, Issue 3)
DOI	10.11648/j.ijtet.20190503.12
Page(s)	50-59
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Blockchain Technology, SCM, Supply Chain, Supply Chain Risk Management, Supply Risk, IoT, Smart Contracts

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APA Style

Mian Wasim Layaq, Alexander Goudz, Bernd Noche, Muhammad Atif. (2019). Blockchain Technology as a Risk Mitigation Tool in Supply Chain. International Journal of Transportation Engineering and Technology, 5(3), 50-59. https://doi.org/10.11648/j.ijtet.20190503.12

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ACS Style

Mian Wasim Layaq; Alexander Goudz; Bernd Noche; Muhammad Atif. Blockchain Technology as a Risk Mitigation Tool in Supply Chain. Int. J. Transp. Eng. Technol. 2019, 5(3), 50-59. doi: 10.11648/j.ijtet.20190503.12

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AMA Style

Mian Wasim Layaq, Alexander Goudz, Bernd Noche, Muhammad Atif. Blockchain Technology as a Risk Mitigation Tool in Supply Chain. Int J Transp Eng Technol. 2019;5(3):50-59. doi: 10.11648/j.ijtet.20190503.12

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@article{10.11648/j.ijtet.20190503.12,
  author = {Mian Wasim Layaq and Alexander Goudz and Bernd Noche and Muhammad Atif},
  title = {Blockchain Technology as a Risk Mitigation Tool in Supply Chain},
  journal = {International Journal of Transportation Engineering and Technology},
  volume = {5},
  number = {3},
  pages = {50-59},
  doi = {10.11648/j.ijtet.20190503.12},
  url = {https://doi.org/10.11648/j.ijtet.20190503.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijtet.20190503.12},
  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.},
 year = {2019}
}

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TY  - JOUR
T1  - Blockchain Technology as a Risk Mitigation Tool in Supply Chain
AU  - Mian Wasim Layaq
AU  - Alexander Goudz
AU  - Bernd Noche
AU  - Muhammad Atif
Y1  - 2019/10/15
PY  - 2019
N1  - https://doi.org/10.11648/j.ijtet.20190503.12
DO  - 10.11648/j.ijtet.20190503.12
T2  - International Journal of Transportation Engineering and Technology
JF  - International Journal of Transportation Engineering and Technology
JO  - International Journal of Transportation Engineering and Technology
SP  - 50
EP  - 59
PB  - Science Publishing Group
SN  - 2575-1751
UR  - https://doi.org/10.11648/j.ijtet.20190503.12
AB  - 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.
VL  - 5
IS  - 3
ER  -

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Author Information

Mian Wasim Layaq

Department of TUL, University of Duisburg-Essen, Duisburg, Germany
Alexander Goudz

Department of TUL, University of Duisburg-Essen, Duisburg, Germany
Bernd Noche

Department of TUL, University of Duisburg-Essen, Duisburg, Germany
Muhammad Atif

Department of TUL, University of Duisburg-Essen, Duisburg, Germany

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Plain Text BibTeX RIS

APA Style

Mian Wasim Layaq, Alexander Goudz, Bernd Noche, Muhammad Atif. (2019). Blockchain Technology as a Risk Mitigation Tool in Supply Chain. International Journal of Transportation Engineering and Technology, 5(3), 50-59. https://doi.org/10.11648/j.ijtet.20190503.12

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ACS Style

Mian Wasim Layaq; Alexander Goudz; Bernd Noche; Muhammad Atif. Blockchain Technology as a Risk Mitigation Tool in Supply Chain. Int. J. Transp. Eng. Technol. 2019, 5(3), 50-59. doi: 10.11648/j.ijtet.20190503.12

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AMA Style

Mian Wasim Layaq, Alexander Goudz, Bernd Noche, Muhammad Atif. Blockchain Technology as a Risk Mitigation Tool in Supply Chain. Int J Transp Eng Technol. 2019;5(3):50-59. doi: 10.11648/j.ijtet.20190503.12

Copy | Download

@article{10.11648/j.ijtet.20190503.12,
  author = {Mian Wasim Layaq and Alexander Goudz and Bernd Noche and Muhammad Atif},
  title = {Blockchain Technology as a Risk Mitigation Tool in Supply Chain},
  journal = {International Journal of Transportation Engineering and Technology},
  volume = {5},
  number = {3},
  pages = {50-59},
  doi = {10.11648/j.ijtet.20190503.12},
  url = {https://doi.org/10.11648/j.ijtet.20190503.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijtet.20190503.12},
  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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Blockchain Technology as a Risk Mitigation Tool in Supply Chain
AU  - Mian Wasim Layaq
AU  - Alexander Goudz
AU  - Bernd Noche
AU  - Muhammad Atif
Y1  - 2019/10/15
PY  - 2019
N1  - https://doi.org/10.11648/j.ijtet.20190503.12
DO  - 10.11648/j.ijtet.20190503.12
T2  - International Journal of Transportation Engineering and Technology
JF  - International Journal of Transportation Engineering and Technology
JO  - International Journal of Transportation Engineering and Technology
SP  - 50
EP  - 59
PB  - Science Publishing Group
SN  - 2575-1751
UR  - https://doi.org/10.11648/j.ijtet.20190503.12
AB  - 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.
VL  - 5
IS  - 3
ER  -

Copy | Download