Blockchain in Supply Chain: Journey from Disruptive to Sustainable


Mr. Vinay Kumar Saini,Dr. Sachin Gupta,



Blockchain,Supply Chain Management,Decentralized Applications,


“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” — Vitalik Buterin, co-founder Ethereum and Bitcoin Magazine Blockchain has evolved to be the most discussed and potentially disruptive technology and is expected to become a driving force for technology-based business innovations. Although blockchain is still in infancy in terms of technological maturity, experimental adoption and customization are already in progress. One of its' early adopters, Supply chain Management is expecting to find fascinating solutions for its most pressing issues like confidentiality and trust, along with those of the inability to share information between supply chain partners, limitations of IT systems and lack of data standards. This paper is an attempt to seek the applicability of blockchain technology in the business process of Supply Chain Management. The Paper provides a comprehensive map for technical feasibility of a blockchain based supply chain through the distributed concepts including proof of work, consensus, and smart contracts.


I.Agarwal, A., Shankar, R. and Tiwari, M.K., 2007. Modeling agility of supply chain. Industrial marketing management, 36(4), pp.443-457.

IIAkins, B.W., Chapman, J.L., Gordon, J.M.: A whole new world: Income tax considerations of the bitcoin economy (2013),

III.Alexander Grech and Anthony F. Camilleri. 2017. Blockchain in Education. No. JRC108255. Joint Research Centre (Seville site).

IV.All Cryptocurrencies | Coinlore. Retrieved August 19, 2018. URL-

V.Bozarth, C.C., Warsing, D.P., Flynn, B.B. and Flynn, E.J., 2009. The impact of supply chain complexity on manufacturing plant performance. Journal of Operations Management, 27(1), pp.78-93.

VI.Bentov, I., Lee, C., Mizrahi, A. and Rosenfeld, M. (2014) „Proof of activity: extending Bitcoin‟s proof of work viaproof of stake [extended abstract]‟, ACM SIGMETRICS Performance Evaluation Review, Vol. 42, No. 3, pp.34–37.

VII.Bhatnagar, R. and Teo, C.C., 2009. Role of logistics in enhancing competitive advantage: A value chain framework for global supply chains. International Journal of Physical Distribution & Logistics Management, 39(3), pp.202-226.

VIII.Blockchain Innovation, A Patent Analysis report, prepared by IP Australia, November 2018

IX.Chopra, S. and Meindl, P., 2015. Supply Chain Management: Strategy, Planning, and Operation, Pearson, 528 pp.

X.Christensen, C., (1997). The Innovator‟s Dilemma. The Revolutionary Book That Will Change the Way You Do Business, 1st ed. Collins Business Essentials, New York

XI.Ferrara, Michael. “Blockchain in Manufacturing: Enhancing Trust, Cutting Costs and Lubricating Processes across the Value Chain.” Cognizant, vol. 1, no. 1, ser. 1, 1 Nov. 2017, pp. 1–32. 1.

XII..Francisco K, Swanson D (2018) The supply chain has no clothes: technology adoption of blockchain for supply chain transparency. Logistics 2:2

XIII.Harland, C., Brenchley, R., and Walker, H., 2003. Risk in supply networks. Journal of Purchasing and Supply Management, 9(2), pp.51-62.

XIV.Iansiti, M. and Lakhani, K.R., 2017. The Truth About Blockchain. Harvard Business Review, 95(1), pp.118-127.

XV.J. Mattila, The blockchain phenomenon: The disruptive potential of distributed consensus architectures, ETLA working papers: Elinkeinoelämän Tutkimuslaitos, Research Institute of the Finnish Economy, 2016 URL https: //

XVI.LeBlanc, Gannon, “The effects of cryptocurrencies on the banking industry and monetary policy” (2016). Senior Honors Theses. 499.

XVII.Loi Luu, Jason Teutsch, Raghav Kulkarni, and Prateek Saxena. Demystifying incentives in the consensus computer. In Proceedings of the 22Nd ACM SIGSAC Conference on Computer and Communications Security, CCS ’15, pages 706{719. ACM, 2015.

XVIII.Loi L, Duc-Hiep C, Hrishi O, Prateek S, Aquinas H, Making Smart Contracts Smarter CCS‟16, October 24 -28, 2016, Vienna, Austria.

XIX.Miraz, M.H.; Ali, M. Applications of Blockchain Technology beyond Cryptocurrency. Ann. Emerg. Technol. Comput. 2018, 2, 1–6.

XX.M. Mettler, “Blockchain technology in healthcare: The revolution starts here,” in e-Health Networking, Applications, and Services (Healthcom), 2016 IEEE 18th International Conference on. IEEE, 2016, pp. 1–3.

XXI.Melo, M.T., Nickel, S. and Saldanha-Da-Gama, F., 2009. Facility location and supply chain management–A review. European journal of operational research, 196(2), pp.401-412.

XXII.Nash, Kim S., 2016. IBM Pushes Blockchain into the Supply Chain. The Wall Street Journal. Available online:

XXIII.Pradhan, Alex, et al. “Blockchain Fundamentals for Supply Chain: A Guide to the New Boardroom Buzzword.” Gartner, vol. 1, no. 1, ser. 1, 23 Feb. 2018, pp. 1–12. HBLL.

XXIV.Research and Challenges on Bitcoin Anonymity by Jordi Herrera-Joancomarti proceedings of the 9th International Workshop on Data Privacy Management. Springer. LNCS 8872, pp. 1-14. (2014)

XXV.Seetharaman, A., Saravanan, A. S., Patwa, N., & Mehta, J. (2017). Impact of Bitcoin as a World Currency. Accounting and Finance Research, 6(2), 230

XXVI.Satoshi Nakamoto. Bitcoin: A Peer-to-Peer Electronic Cash System, 2008,

XXVII.Schwartz, D., Young, N., and Britto, A. (2014) The Ripple Protocol Consensus Algorithm, Ripple Labs Inc White Paper.

XXVIII.Sunny King, Scott Nadal, PPCoin: Peer-to-Peer Crypto-Currency with Proof-of-Stake, 2012

XXIX.The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology by William Mougayar, Vitalik Buterin,ISBN: 978-1-119-30031-1 May 2016.

XXX.Xu, X., Weber, I., Staples M, Liming Z, Jan B, Len B, Cesare P, Paul R, A Taxonomy of Blockchain-Based Systems for Architecture Design. Published by. IEEE, July 2017. DOI, 10.1109/icsa.2017.33. Authors. Xu, X., Weber, I., Staples.

Mr. Vinay Kumar Saini, Dr. Sachin Gupta View Download