Blockchain Technology in Supply Chain Management: Preliminary Study

Despite significant research, the supply chain management challenges still have a long way to go with respect to solving the issues such as management of product supply information, product lifecycle, transport history, etc. Given the recent rise of blockchain technology in various industrial sectors, our work explores the issues prevalent in each stage of the supply chain and checks their candidacy for the implementation using blockchain technology. The analysis is performed in terms of the characteristics of trust and decentralization with respect to forming a generalized framework. The main contribution of this work is to create a conceptual overview of the areas where blockchain integrates with supply chain management in order to benefit further research and development.