Abstract
Supply chains (SC) present performance bottlenecks that contribute to a high level of costs, infiltration of product quality, and impact productivity. Examples of such inhibitors include the bullwhip effect, new product lines, high inventory, and restrictive data flows. These bottlenecks can force manufacturers to source more raw materials and increase production significantly. Also, restrictive data flow in a complex global SC network generally slows down the movement of goods and services. The use of distributed ledger technologies (DLT) in SC management (SCM) demonstrates the potentials to reduce these bottlenecks through transparency, decentralization, and optimizations in data management. These technologies promise to enhance the trustworthiness of entities within the SC, ensure the accuracy of data-driven operations, and enable existing SCM processes to migrate from a linear to a fully circular economy. This article presents a comprehensive review of 111 articles published in the public domain in the use and efficacy of DLT in SC. It acts as a roadmap for current and future researchers who focus on SC security management to better understand the integration of digital technologies such as DLT. We clustered these articles using standard descriptors linked to trustworthiness, namely, immutability, transparency, traceability, and integrity.
Original language | English |
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Pages (from-to) | 713-739 |
Journal | IEEE Transactions on Engineering Management |
Volume | 70 |
Issue number | 2 |
Early online date | 1 Mar 2021 |
DOIs | |
Publication status | Published - Feb 2023 |
Bibliographical note
Copyright © 2021, IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.Keywords
- Bitcoin
- Cyber resilience
- Distributed ledger
- Privacy
- Resilience
- Scalability
- Security
- Smart contracts
- data sharing
- distributed ledger technology
- industry 4.0
- supply chain (SC) management
- trustworthiness