Blockchain technology for enhancing traceability and efficiency in automobile supply chain: a case study

Ada, Nesrin, Ethirajan, Manavalan, Kumar, Anil, K.E.K, Vimal, Nadeem, Simon Peter, Kazancoglu, Yigit and Kandasamy, Jayakrishna (2021) Blockchain technology for enhancing traceability and efficiency in automobile supply chain: a case study. Sustainability, 13 (13667). pp. 1-21. ISSN 2071-1050

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Official URL: https://doi.org/ 10.3390/su132413667

Abstract / Description

A robust traceability system would help organizations in inventory optimization reduce lead time and improve customer service and quality which further enables the organizations to be a leader in their industry sector. This research study analyzes the challenges faced by the automotive industry in its supply chain operations. Further, the traceability issues and waiting time at different nodes of the supply chain are considered to be priority issues that affect the overall supply chain efficiency in the automotive supply chain. After studying the existing blockchain architectures and their implementation methodology, this study proposes a new blockchain-based architecture to improve traceability and reduce waiting time for the automotive supply chain. A hyper ledger fabric-based blockchain architecture is developed to track the ownership transfers in inbound and outbound logistics. The simulation results of the proposed hyper ledger fabric-based blockchain architecture show that there is an improvement in the traceability of items at different nodes of the supply chain that enhances the Inventory Quality Ratio (IQR) and the mean waiting time is reduced at the factory, wholesaler, and retailer, which thereby improves the overall supply chain efficiency. The blockchain embedded supply chain is more capable to eliminate the risks and uncertainties associated with the automotive supply chain. The benefits of adopting blockchain technology in the automotive supply chain are also described. The developed blockchain-based framework is capable to get more visibility into goods movement and inventory status in automotive supply chains.

Item Type: Article
Additional Information: ** From MDPI via Jisc Publications Router
Uncontrolled Keywords: automotive supply chains; blockchain; simulation; case study; Industry 4.0
Subjects: 600 Technology > 650 Management & auxiliary services
Department: Guildhall School of Business and Law
SWORD Depositor: Pub Router
Depositing User: Pub Router
Date Deposited: 15 Jan 2022 12:50
Last Modified: 15 Jan 2022 12:50
URI: http://repository.londonmet.ac.uk/id/eprint/7126

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