Use cases of blockchain-IoT in SCM
| Name of industry | Application of blockchain-IoT in SCM | Description | Benefits and remarks |
|---|---|---|---|
| De Beers – Diamond Industry Kshetri (2021) | Training the diamond miners before buying their diamonds | De Beers could track the source of their diamonds right from mine to the store. It is done by keeping the records of diamonds at each touchpoint and keeping real-time records of each transaction | De Beers gained additional supply and consumers got the assurance that the diamonds are free from defects |
| Maersk- Shipping company Eljazzar et al. (2018) | Logistics- Track shipping containers around the world | IBM and Maersk applied digital signatures, cryptography and hyper ledger to track each container across the global supply chain. More than 200 different interactions and communications were converted on blockchain | Mountains of paperwork was a big challenge to company and it got solved with integration of blockchain. Delays, Loss, Frauds in containers were eliminated |
| Provenance – Fishing Industry Kim and Laskowski (2018) | Tracking of fish caught by fishermen | Provence has used blockchain and smart tagging for tracking the fish which is caught by fisherman | Solved the challenges such as overfishing, fraud, lack of supervision, tremendous paper work and illegal transactions |
| Walmart-Online Hypermarket Casey and Wong (2017) | Tracking of produces from US and China | Walmart has used Blockchain for tracking Pork. Tracking of farm, temperature, storage conditions and logistics has helped to access authenticity of products and the expiry date | Time taken for tracking has reduced to few minutes with blockchain. This improved food safety and avoid contamination due to delays. Package authentication and tracking |
| Name of industry | Application of blockchain-IoT in SCM | Description | Benefits and remarks |
|---|---|---|---|
| Training the diamond miners before buying their diamonds | De Beers could track the source of their diamonds right from mine to the store. It is done by keeping the records of diamonds at each touchpoint and keeping real-time records of each transaction | De Beers gained additional supply and consumers got the assurance that the diamonds are free from defects | |
| Logistics- Track shipping containers around the world | IBM and Maersk applied digital signatures, cryptography and hyper ledger to track each container across the global supply chain. More than 200 different interactions and communications were converted on blockchain | Mountains of paperwork was a big challenge to company and it got solved with integration of blockchain. Delays, Loss, Frauds in containers were eliminated | |
| Tracking of fish caught by fishermen | Provence has used blockchain and smart tagging for tracking the fish which is caught by fisherman | Solved the challenges such as overfishing, fraud, lack of supervision, tremendous paper work and illegal transactions | |
| Tracking of produces from US and China | Walmart has used Blockchain for tracking Pork. Tracking of farm, temperature, storage conditions and logistics has helped to access authenticity of products and the expiry date | Time taken for tracking has reduced to few minutes with blockchain. This improved food safety and avoid contamination due to delays. Package authentication and tracking |
Source(s): Authors' own work
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