Challenges In BlockChain Technology For Future Supply Chain- Future Research Scope For Phd Scholars - Phdassistance
                     CHALLENGES IN BLOCK CHAIN  
TECHNOLOGY FOR FUTURE 
SUPPLY  CHAIN- FUTURE 
RESEARCH SCOPE  FOR PHD 
SCHOLARS
An Academic presentation by
Dr. Nancy Agnes, Head, Technical Operations, Phdassistance 
 Group www.phdassistance.com
Email: [email protected]
TODAY'S 
DISCUOuStSlinIOe N
Introduction to Block chain technology
Blockchain and its implications on supply chain operations  
Challenges
Future research scope 
 Conclusion
Introduction
Blockchain is the one of the emerging technologies in recent  
world and a lot of revolution and research has done based  
distributed technology.
B lockchain is a technology that ensures network security,  
transparency, and visibility through a specific combination of  
characteristics such as decentralized structure, supplied notes  
and storage mechanism, consensus algorithm, smart  
contracting, and asymmetric encryption.
In modern days, more and more research studies exploring the  
usages of blockchain in SC.
Contd...
Blockchain and  
its Implications Blockchain is a decentralised digital public ledger that  
is distributed across the internet.
 on Supply 
Chain  If the documents have been added, they can't be  
changed without affecting the previous records,  
Operations making it extremely secure for business operations.
It can be used in a range of fields, such as creating  
smart contracts to monitor financial fraud or securely  
sharing medical records between healthcare  
professionals.
Contd...
Functionality, security, privacy, and cost are still barriers.
Along with transforming SCs across different industries, it also aids in enhancing the 
 accessibility and security of existing digital networks, such as the Internet of  
Things (IoTs) and other Industry 4.0 projects.
Every industry has different requirements for privacy and security protection.
Blockchain can be structured in three ways to meet different needs: public, private,  
and hybrid.

Challenges
Applications using b lockchain are increasing at a fast rate, but 
 interoperability is a problem, leading to standardization issues.
Block chain integration with SC increases visibility across the  
entire value chain, reduces paperwork and human errors,  
ensures transparency amongst all parties, enhances security of  
data, complements IoTs, helps identify counterfeit products, and 
 enables efficient traceability and management
Contd...

Future  
researc The adoption of blockchain technology needs further research and  
exploration in more countries, markets, and companies in order to  
h  scope better understand the most critical factors that contribute to its  
success.
Here mentioned and listed potential study topics in a variety of major  
SC areas below:
 BLOCKCHAIN ADOPTION AND IMPLEMENTATION
It is necessary to investigate how
the combination of blockchain  
technology and IoT can affect the SC's results.
Contd...
Another requirement is to investigate whether a global standard for
connecting  different blockchain platforms should be built.
 SUPPLY CHAIN REENGINEERING
One of the most significant advantages of blockchain is that it connects all
SC  members to a single, stable network.
As blockchain is introduced in SCs, however, all relevant data will be exchanged and  
accessible by all SC partners.
Industry experts, researchers and SC managers must explore this issue.
Contd...
 SUPPLY CHAIN RESILIENCE
Natural disasters, strikes, virus outbreaks, and operational threats all cause disruptions 
 and SC vulnerability, and managing the extreme impact and effects of such events on  
SC networks is often a challenge.
Following the COVID-19 pandemic, companies should reconsider and redesign their  
SC risk management and resilience strategies, putting a greater emphasis on digital  
networks driven by technologies such as blockchain, IoT, and quantum computing.
Contd...
 SUPPLY CHAIN COORDINATION
Effective blockchain implementation can be extremely beneficial and have many research  
implications for both i ndustry and academia.
The use of blockchain in SC can be investigated for global procurement, collaboration,  
and strategic alliances in foreign trades.
Smart contracts, which are based on supplied ledger technology, can be used to handle  
ownership transfers, cross-border exchanges, knowledge sharing, and international  
transactions without the use of intermediaries, among other things
Contd...
 SECURITY ENHANCEMENT
As blockchain develops and becomes more widely used, ensuring security, especially  
for cryptocurrency, is critical.
To achieve its high efficiency, the blockchain architecture must also be combined with  
IoTs and cloud computing.
As a result, the respective blockchain-based system must be stable in order to ensure  
a low operational risk.
Contd...
Customer authentication, data confidentiality and privacy, and integrity safety  
must be restored with the highest priority in areas such as healthcare SC,  
cab services, last mile in e-commerce, and other service sectors.
All these issues can be investigated in future research.
Conclusion
This article will Assist Researchers and practitioners in  
better understanding and identifying SC areas and industry  
sectors where blockchian technology can be applied.
Present developments, challenges, and possible research  
opportunities related to the use of blockchain for supply  
chain operations are also addressed.
Contd...
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