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Blockchain Supported Sustainable Supply Chain in Industry 4.0

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Machine Intelligence and Data Science Applications (MIDAS 2022)

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Abstract

Complex and globalized supply chains can only be managed through multi-echelon supply chains connecting with technology. Sustainability is safeguarded by practicing digitization using technology with adequate transparency. The seamless coordination across supply chain partners augments the value chain. Uninterrupted connectivity guards against disruptions, agility, and resiliency. Innovative technology like Blockchain technology which is a distributed ledger that shares data on the peer-to-peer network in supply chain operations offers transparency, trust, and consensus among stakeholders with flexibility in operations. The use of these technologies benefits in the form of reducing the Bullwhip effect across the supply chain. The study provides technological advancements for sustainable supply chain management. Literature is studied for evaluating Industry 4.0 and available technologies like the internet of things, IoT-enabled manufacturing, blockchain-managed transportation and logistics, and smart models for business operations. The study proceeds with Industry 4.0 and beyond to onlooking blockchain capabilities for a sustainable supply chain. The area covered is (a) green supply chain practices, (b) improved product lifecycle, monitoring, and reporting sustainability, and (c) improved monitoring and reporting sustainability.

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Correspondence to Rahul Gupta .

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Gupta, R. (2023). Blockchain Supported Sustainable Supply Chain in Industry 4.0. In: Ramdane-Cherif, A., Singh, T.P., Tomar, R., Choudhury, T., Um, JS. (eds) Machine Intelligence and Data Science Applications. MIDAS 2022. Algorithms for Intelligent Systems. Springer, Singapore. https://doi.org/10.1007/978-981-99-1620-7_1

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