IoT Based Innovation and Blockchain Applications for Advancing Global Supply Chain Management in Industry 4.0 Era


Authors : Komal Rauniyar; Kanchan Rauniyar; Wu Xiaobo; Deependra Kumar Sah

Volume/Issue : Volume 6 - 2021, Issue 9 - September

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3iTjxS2

The study aims to explain the use of innovations and technologies like the Internet of Things (IoT) and blockchain in advancing the global supply chain management in the Industry 4.0 era. This study evaluates the capabilities of blockchain technology (BCT) and IoT devices, in regard to supply chain from the existing literature. The integration of blockchain capabilities and IoT is contributing in operational performance to create the resilient digital supply chain system which is explained through the real examples in the case study section. The application of IoT innovations is playing a vital role in creating a smart environment for easing human life. The fit between the literature review and the case study has emphasized that the use of these innovations and technologies has been ensuring competitiveness, strengthening the business processes and, helps in overcoming supply chain risk globally. The architectural framework presented in the study depicts how adopting advance innovations and Industry 4.0 technologies like blockchain integrated with IoT can contribute towards reshaping the existing supply chain practices to promote hassle-free supply chain activities thereby boosting the global supply chain performance and other business practices. Hence, the objective of the study is pinned to offer the real view of the application of blockchain and IoT innovations to create a seamless supply chain network and describe the possibilities of its application in more comprehensive manner to address emerging business needs in future.

Keywords : Blockchain Application; Global Supply Chain Management; IoT; Innovation; Industry 4.0.

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