Exploring blockchain adoption for supply chain transformation in industry 4.0

By observing the last decade of supply chain transformation amongst different industries, a pattern of adopting cutting-edge technologies can be observed. Industrial leaders are showcasing how any supply chain can be transformed with the use of new technologies in a new digital focused way, that is better suited for all of the challenges and opportunities that Industry 4.0 brings. The intent of this paper is to examine the role blockchain has in the transformation process of supply chains, specifically how is this technology used in various supply chain processes. The research methods used include desk analysis, a comparative analysis of the literature, and an examination of relevant case studies. The findings show that blockchain can be adopted in an assortment of ways within supply chains, and that adopting blockchain technology enhances supply chain transformations. Practical examples of the use of blockchain is highlighted as well.