Araştırma Makalesi

The Effects of the Applications of Blockchain Technology on the Logistics sector

Sayı: 34 31 Mart 2022
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The Effects of the Applications of Blockchain Technology on the Logistics sector

Öz

Logistics is a combination of businesses involving various activities and processes which generate value by goods and services. Maintaining track of all transactions is a crucial task in logistics. Logistics 4.0 enables the optimum synchronization of activities inside corporate boundaries; if effective, logistical constraints resulting from industrial sender and receiver channels may be considerably alleviated. Blockchain paves the way for implementation of smart logistics. It served as storage for the transactions after distributed ledger technologies was implemented before the digital cryptocurrency a year ago. It is a decentralized system based on five essential principles: decentralization, P2P, transparency with privacy protection, and algorithmic logic. Some logistics companies are already employing block chain. This paper summarizes adoption of distributed ledger technology in logistics is being investigated. Furthermore, the strengths and weakness of blockchain in logistic industry were extracted from recent scientific literature for readers to overview the application of technology. It is reported that blockchain adoption provides immutability, data security, tracking, storage, dependability, and cost-effective alternatives in logistics industry. However, there are a few obstacles that prevent full-scale adaption by many logistics and transportation sectors, such as throughput, and latency constraints. Nodes aren’t monitored by centralized entity to notify security breach, so data security may be compromised. Furthermore, the blockchain is still in its infancy; there’s no single standard, theories are difficult to grasp, and even the most basic types of application need programmer assistance.Logistics is a combination of businesses involving various activities and processes which generate value by goods and services. Maintaining track of all transactions is a crucial task in logistics. Logistics 4.0 enables the optimum synchronization of activities inside corporate boundaries; if effective, logistical constraints resulting from industrial sender and receiver channels may be considerably alleviated. Blockchain paves the way for implementation of smart logistics. It served as storage for the transactions after distributed ledger technologies was implemented before the digital cryptocurrency a year ago. It is a decentralized system based on five essential principles: decentralization, P2P, transparency with privacy protection, and algorithmic logic. Some logistics companies are already employing block chain. This paper summarizes adoption of distributed ledger technology in logistics is being investigated. Furthermore, the strengths and weakness of blockchain in logistic industry were extracted from recent scientific literature for readers to overview the application of technology. It is reported that blockchain adoption provides immutability, data security, tracking, storage, dependability, and cost-effective alternatives in logistics industry. However, there are a few obstacles that prevent full-scale adaption by many logistics and transportation sectors, such as throughput, and latency constraints. Nodes aren’t monitored by centralized entity to notify security breach, so data security may be compromised. Furthermore, the blockchain is still in its infancy; there’s no single standard, theories are difficult to grasp, and even the most basic types of application need programmer assistance.

Anahtar Kelimeler

Kaynakça

  1. S. Nakamoto, “Bitcoin : A Peer-to-Peer Electronic Cash System,” pp. 1–9.
  2. M. Iansiti and K. Lakhani, “The Truth About Blockchain:,” Harv. Bus. Rev., vol. 95, pp. 118–127, 2017.
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  5. S. Saberi, M. Kouhizadeh, J. Sarkis, and L. Shen, “Blockchain technology and its relationships to sustainable supply chain management,” Int. J. Prod. Res., vol. 57, pp. 1–19, 2018, doi: 10.1080/00207543.2018.1533261.
  6. V. Babich and G. Hilary, “Distributed Ledgers and Operations: What Operations Management Researchers Should Know About Blockchain Technology,” Manuf. Serv. Oper. Manag., vol. 22, 2019, doi: 10.1287/msom.2018.0752.
  7. D. Y. Liao and X. Wang, “Applications of blockchain technology to logistics management in integrated casinos and entertainment,” Informatics, vol. 5, no. 4, 2018, doi: 10.3390/informatics5040044.
  8. M. Friedlmaier, A. Tumasjan, and I. M. Welpe, “Disrupting Industries With Blockchain: The Industry, Venture Capital Funding, and Regional Distribution of Blockchain Ventures,” SSRN Electron. J., Sep. 2017, doi: 10.2139/SSRN.2854756.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Mühendislik

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Mart 2022

Gönderilme Tarihi

23 Şubat 2022

Kabul Tarihi

1 Mart 2022

Yayımlandığı Sayı

Yıl 2022 Sayı: 34

Kaynak Göster

APA
Aylak, B. L. (2022). The Effects of the Applications of Blockchain Technology on the Logistics sector. Avrupa Bilim ve Teknoloji Dergisi, 34, 148-152. https://doi.org/10.31590/ejosat.1077800
AMA
1.Aylak BL. The Effects of the Applications of Blockchain Technology on the Logistics sector. EJOSAT. 2022;(34):148-152. doi:10.31590/ejosat.1077800
Chicago
Aylak, Batin Latif. 2022. “The Effects of the Applications of Blockchain Technology on the Logistics sector”. Avrupa Bilim ve Teknoloji Dergisi, sy 34: 148-52. https://doi.org/10.31590/ejosat.1077800.
EndNote
Aylak BL (01 Mart 2022) The Effects of the Applications of Blockchain Technology on the Logistics sector. Avrupa Bilim ve Teknoloji Dergisi 34 148–152.
IEEE
[1]B. L. Aylak, “The Effects of the Applications of Blockchain Technology on the Logistics sector”, EJOSAT, sy 34, ss. 148–152, Mar. 2022, doi: 10.31590/ejosat.1077800.
ISNAD
Aylak, Batin Latif. “The Effects of the Applications of Blockchain Technology on the Logistics sector”. Avrupa Bilim ve Teknoloji Dergisi. 34 (01 Mart 2022): 148-152. https://doi.org/10.31590/ejosat.1077800.
JAMA
1.Aylak BL. The Effects of the Applications of Blockchain Technology on the Logistics sector. EJOSAT. 2022;:148–152.
MLA
Aylak, Batin Latif. “The Effects of the Applications of Blockchain Technology on the Logistics sector”. Avrupa Bilim ve Teknoloji Dergisi, sy 34, Mart 2022, ss. 148-52, doi:10.31590/ejosat.1077800.
Vancouver
1.Batin Latif Aylak. The Effects of the Applications of Blockchain Technology on the Logistics sector. EJOSAT. 01 Mart 2022;(34):148-52. doi:10.31590/ejosat.1077800

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