Blockchain Design for Logistics & Supply Chain Management in Developing Regions

Abstract

Blockchain led technology is unlocking value to business by boosting supply chain authenticity and expediting the entire operational process for a large rally of projects that are underway in selective industries. The current paper attempt to observe a reality check on the different useful application of blockchain technology over various sectors to reshape the economy in general and over the supply chain and logistics system in particular. The study also validates the enthusiasm of blockchain’s potential i.e., claim for revolutionising business and society over the virtual effect it is creating in the challenging environment of developing regions. Supply chain and entire logistic domain have evolved to be an active participant to took up and adapt to blockchain innovation. The current study adds to the existing literature by driving the subject matter from different studies results concerning blockchain technology along with author own outlook. An observation approach to reflect critics, supporters towards the adoption of technology led by blockchain also developed the foundation of the work.