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Challenges and benefits of blockchain implementation in supply chain

Type of paper: Research Article

Author

Cristian Negruțiu

Affiliation: Bucharest University of Economic Studies, Bucharest, Romania

Email: cristian_negrutiu@yahoo.com

https://orcid.org/0000-0003-1857-8567

Published:December 15, 2022
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How to Cite

Negruțiu, C. (2022). Challenges and benefits of blockchain implementation in supply chain. CACTUS - Journal of Tourism Business, Management and Economics, 4 (2). doi.org/10.24818/CTS/4/2022/2.04

Based on the official APA guide. Review the full set of examples.

© 2022 The Author(s);

Licensed under CC BY-NC 4.0

Abstract

This article presents the challenges and benefits of blockchain implementation in the supply chain. In a broader context, the article addresses how technology facilitates digitalization in a traditional industry, with no shortage of ideas and controversies. The findings are drawn from a case study of a Romanian tech startup. The empirical investigation uses interview and direct observation methods to show how the startup under study implements Industry 4.0 solutions based on blockchain technology. The findings demonstrate the feasibility of the technologies, the benefits for customers, and the challenges associated with them. So, it can be said that tech startups are real ambassadors of innovation and are able to change the status quo faster and easier. Their solutions and products have the potential to disrupt the industry and evolve into integrated platforms for artificial intelligence.

Keywords

blockchain, Industry 4.0, supply chain, tech start-ups

JEL Classification

L23, L26, M13, O33

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