Blockchain technology as the basis for digital transformation of the supply chain management system: benefits and implementation challenges

DOI

10.2991/mtde-19.2019.3How to use a DOI?

Keywords

digital technology; blockchain; supply chain management; digital transformation; integration strategy

Abstract

In the context of globalization, the problem of creating an integrated ecosystem of national and international supply chains becomes actual. Currently, the organization and supply chain management (SCM) are characterized by the inefficient use of existing assets, lack of flexibility and transparency of operations, complex and dynamic interaction between the chain participants. Blockchain technology provides for the real possibility to ensure the innovation and technological development of SCM. Harmonization of the fundamental principles of the blockchain technology and supply chain management models will provide for a new level of interaction between the industrial, commercial, transport and logistics companies based on global information transparency, mutual trust, transaction security. Owing to immaturity of the technology and lack of enough the successful implemented projects risks of its implementation in SCM system considerably increase. Generating a balanced strategy for the integration of the blockchain technology in supply chain management is a promising area of research. This process assumes forming and the analysis of the possible strategic alternatives considering the synthetic nature of the concept of SCM, diversity of use of blockchain technology, uncertainty and risks. Development of alternative strategies is a result of the implementation of a systematic approach to carrying out comprehensive studies of external and internal factors, the relationships between them, in the assessment of opportunities and potential threats.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - L.I. Malyavkina
AU  - A.G. Savina
AU  - I.G. Parshutina
PY  - 2019/05
DA  - 2019/05
TI  - Blockchain technology as the basis for digital transformation of the supply chain management system: benefits and implementation challenges
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 10
EP  - 15
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.3
DO  - 10.2991/mtde-19.2019.3
ID  - Malyavkina2019/05
ER  -