Convergence of Internet of Things and Blockchain Technology in Managing Supply Chain

Kamalendu Pal, Ansar-Ul-Haque Yasar
2021 Journal of Ubiquitous Systems and Pervasive Networks  
Information and communication technologies (ICT) are ushering enormous evolution in recent decades, and many disruptive technologies, such as the Internet of Things (IoT), blockchain technology, big data, and service-oriented computing (SOC), have emerged. These technologies are guiding the supply chain management (SCM) community and enable the fusion of digital and physical world of many industries (e.g. automotive, retail, pharmaceutical, apparel). Modern supply chains have transformed into
more » ... ghly complex vale creating business networks and turned into an important source of competitive advantage. However, it has become increasingly challenging to cross-check the source of raw materials and maintain visibility of products and merchandise, while they are moving through the value chain network. The application of the IoT can help companies to observe, track, and monitor products, activities, and processes within their respective value chain networks. In combination with IoT, blockchain technology can enable a wider range of different application scenarios to improve value chain transparency and to increase the effectiveness of business transactions trust. In this way, business information system architecture plays an important role in storing, processing, and distributing data and information. This paper presents a blockchain-based architecture for the IoT applications, which brings distributed data processing capabilities using a SOC framework to support business services in the apparel manufacturing network.
doi:10.5383/juspn.14.02.002 fatcat:w4lungejwndrnftmcy5bvm7ldq