Cost Benefit Analysis Of A Blockchain Based Supply Chain Finance Solution
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| Author | : Patara Panuparb |
| Publisher | : |
| Total Pages | : 53 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
During the past few years, blockchain technology has shown great potential to disrupt existing supply chain finance solutions, as it could increase the efficiency of invoice processing and provide a more transparent and secure transactions. However, the costs and benefits of implementing blockchain technology in supply chain finance for involved parties are still unclear, since research on the topic is scarce. This thesis explores the net value of implementing blockchain technology in supply chain finance arrangement by using cost-benefit analysis. A cost-benefit model and the operating processes of traditional and blockchain-based supply chain finance solutions are proposed and applied to a real-world case study. We prove that blockchain technology increases the total net benefit among involved parties participating in the supply chain finance arrangement as a result of improved efficiency of invoice processing. We also find that suppliers would benefit from blockchain-based supply chain finance if the benefit from the unlocked working capital outweighs the cost of the platform fee. Another finding is that the buyer does not benefit from the technology in terms of unlocked working capital.
| Author | : Erik Hofmann |
| Publisher | : Springer |
| Total Pages | : 96 |
| Release | : 2017-08-03 |
| Genre | : Business & Economics |
| ISBN | : 3319623710 |
This book investigates how the Blockchain Technology (BCT) for Supply Chain Finance (SCF) programs allows businesses to come together in partnerships and accelerate cash flows throughout the supply chain. BCT promises to change the way individuals and corporations exchange value and information over the Internet, and is perfectly positioned to enable new levels of collaboration among the supply chain actors. The book reveals new opportunities stemming from the application of BCT to SCF financing solutions, particularly reverse factoring – or approved payables financing. To do so, it first identifies the principal barriers and pain points in delivering financing solutions. Then, a possible blockchain-driven supply chain model is defined. Using this framework, the book subsequently discusses relevant use cases for the technology, which could open up new opportunities in the SCF space. It demonstrates that blockchain and distributed ledgers technologies could deliver substantial benefits for all parties involved in SCF transactions, promising to expedite the processes and lower the overall costs of financing programs. Industry giants such as IBM, Maersk, China-based Dianrong and FnConn (a Foxconn subsidiary) are currently working to digitize the global, cross-border supply chain using blockchain technology, and will likely soon create blockchain platforms for supply chain finance. These solutions aim to reduce complexity and make data sharing more secure, accurate and efficient. This book offers a highly topical resource for stakeholders across the entire supply chain, helping them prepare for the upcoming technological revolution.
| Author | : Khan, Mustafa Rehman |
| Publisher | : IGI Global |
| Total Pages | : 363 |
| Release | : 2024-01-18 |
| Genre | : Business & Economics |
| ISBN | : |
The advent of Industry Revolution 5.0 has brought unprecedented challenges to supply chain management, compromising the effectiveness, transparency, and security of operations. Traditional methods of transaction management and data sharing prove inadequate in this complex landscape, necessitating a comprehensive solution. Editors Mustafa Khan, Naveed R. Khan, and Arsalan Ghouri present Achieving Secure and Transparent Supply Chains With Blockchain Technology, an edited collection that offers a groundbreaking solution. This book provides a thorough overview of blockchain technology and its potential to enhance supply chain efficiency, security, and resilience. By leveraging its decentralized and secure platform, blockchain emerges as a transformative technology capable of revolutionizing supply chain management. With a focus on contemporary theoretical frameworks and the latest empirical findings, this book equips academics, practitioners, policymakers, researchers, professionals, and students with the knowledge needed to harness the power of blockchain technology in supply chain management. Covering diverse topics such as traceability, resilience, sustainability, and ethical sourcing, it explores the wide-ranging applications of blockchain in achieving secure and transparent supply chains. Achieving Secure and Transparent Supply Chains With Blockchain Technology serves as an indispensable resource for individuals involved in the field, offering a comprehensive guide to unlock the potential of secure and transparent supply chains in the digital age. With its forward-thinking approach and diverse perspectives, this book paves the way for a future where blockchain technology revolutionizes the management of supply chains.
| Author | : Nir Kshetri |
| Publisher | : Elsevier |
| Total Pages | : 264 |
| Release | : 2021-03-03 |
| Genre | : Social Science |
| ISBN | : 0323899358 |
Blockchain and Supply Chain Management combines discussions of blockchain and supply chains, linking technologies such as artificial intelligence, Internet of Things, satellite imagery, and machine vision. The book examines blockchain’s basic concepts, relevant theories, and its roles in meeting key supply chain objectives. The book addresses problems related to inefficiency, opacity, and fraud, helping the digitization process, simplifying the value creation process, and facilitating collaboration. The book is balanced between blockchain and supply chain application and theory, covering the latest technological, organizational and regulatory developments in blockchain from a supply chain perspective. The book discusses the opportunities, barriers, and enablers of blockchain in supply chain policy, along with legal and ethical implications. Supply chain management faces massive disruption with the dynamic changes in global trade, the impact of Covid-19, and technological innovation. Entire industries are also being transformed by blockchain, with some of the most promising applications in supply chain management. Provides theoretical and practical insights into both blockchain and supply chains Features numerous illustrative case studies, boxes, tables, and figures Examines blockchain's impacts on supply chains in four key industries: Food and beverage, healthcare, pharmaceuticals, and finance
| Author | : Erik Hofmann |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 91 |
| Release | : 2011-03-28 |
| Genre | : Business & Economics |
| ISBN | : 364217566X |
The book “Supply Chain Finance Solutions” offers orientation in the new discipline of Supply Chain Finance (SCF) by investigating the need for and nature of SCF, along with its characteristics and enablers. Due to the novelty of the Supply Chain Finance approach, there are still many knowledge gaps. This lack of research leads to uncertainties about the successful implementation of SCF solutions within companies as there is little quantified evidence on the achievable cost savings and other potential benefits. The authors close this gap by providing the latest information on business concepts and the SCF market. Based on a sample SCF model, the worldwide market size for such solutions and potential cost savings to companies engaged in SCF are analyzed. The work underlines the generally agreed-upon attractiveness and future relevance of SCF solutions by creating win-win situations; for all actors in the end-to-end supply chain as well as for external service providers.
| Author | : Niels Hackius |
| Publisher | : tredition |
| Total Pages | : 181 |
| Release | : 2022-12-08 |
| Genre | : Computers |
| ISBN | : 3347773012 |
Blockchain is an emerging technology concept that could be a tool to solve end-to-end integration of material and information flow in supply chain and logistics (SC&L). In this book, you can find three complementary studies on the adoption of Blockchain solutions in SC&L: (1) an analysis of existing use cases in the literature, (2) a 153-response survey outlining expectations for Blockchain in SC&L, and (3) an exploratory, qualitative Grounded Theory study that derives observations on adoption motivations, paths, barriers, and learnings. Blockchain solutions could become a valuable infrastructure tool for SC&L aligning supply chain partners worldwide.
| Author | : Klaus Spicher |
| Publisher | : GRIN Verlag |
| Total Pages | : 16 |
| Release | : 2020-09-10 |
| Genre | : Computers |
| ISBN | : 3346244121 |
Research Paper (postgraduate) from the year 2017 in the subject Engineering - Computer Engineering, , language: English, abstract: This paper is about a new supply chain model that has been developed using some Blockchain features. The model represents a cooperative platform structure including financing and promising a significant cost saving potential. The first section covers a description of the blockchain technology addressing readers not deeply familiar with the necessary blockchain terminology and details for understanding the potential impact on business applications and Logistics / Supply Chains. In the recent past first blockchain applications concentrated on the financial sector, resulting in disruptive business models FinTechs challenging primarily banks and other legacy systems depending on trusted intermediaries like insurances or notaries. The spectrum of blockchain attributes enables this technology being applied in other business sectors, like Healthcare, Energy, Telco, Real Estate and Retail. Now, the logistics / supply chain area enjoys rather high attention. The report summarizes actual initiatives and pilot applications. Finally, the report proposes an innovative supply chain structure based on blockchain technology for discussion.
| Author | : Nick Vyas |
| Publisher | : Kogan Page Publishers |
| Total Pages | : 321 |
| Release | : 2019-05-03 |
| Genre | : Business & Economics |
| ISBN | : 0749484039 |
Blockchain can transform companies when successfully integrated into existing supply chain ecosystems and practices. The key benefits include dispute resolution, foolproof track and trace, event management, operational as well as financial transparency, speed to market, visibility, elimination of heavy reliance on intermediary, integration of IoT technology, machine learning, and artificial intelligence. Blockchain and the Supply Chain highlights how to use blockchain as an enabler and key driver for solutions in the end-to-end supply chain. Blockchain and the Supply Chain examines the business case for blockchain, including increased efficiency of transactions. It also covers the broader set of technologies relevant to supply chains, such as IoT, Big Data and Cyber Security basics and the capabilities they offer. The team of authors look at the evolution of the network, systems and finance, as well as basics of blockchain such as peer-to-peer transactions, consensus-based algorithms and smart contracts. The book includes cases which highlight the opportunities within the different nodes of systems, sales and operations planning and provide practical examples from specific supply chains, such as the movement of temperature-controlled goods, dry goods and precious commodities, as well as general cargo flow.
| Author | : Ravi Sarathy |
| Publisher | : MIT Press |
| Total Pages | : 306 |
| Release | : 2022-10-11 |
| Genre | : Computers |
| ISBN | : 0262047160 |
How companies can gain strategic advantage by developing blockchain capabilities. Blockchain is far more than cryptocurrency. Regarded for a decade as complex and with limited application, blockchain has now matured to be on the verge of fully realizing its disruptive potential. In Enterprise Strategy for Blockchain, business strategy expert Ravi Sarathy shows how companies can gain competitive advantage by developing and deploying blockchain capabilities. Sarathy explains what makes blockchain unique, including its capacities to eliminate intermediaries, guard against hackers, decentralize, and protect privacy. Presenting examples drawn from such sectors as finance, supply chains, computer services, consumer products, and entertainment, he describes how executives can strategically assess blockchain’s applicability to their business. After outlining blockchain’s technological features—and its technological obstacles—Sarathy describes disruptive technologies already happening in the financial services market with the emergence of decentralized finance, or DeFi, arguing that a wave of innovation might be positioning DeFi as blockchain’s “killer app.” He also explores, among many other uses, a blockchain application that addresses chronic supply chain problems, pilot blockchain programs aimed at facilitating cross-border payments, and the use of NFTs (non-fungible tokens) that allow digital art to be collected and traded. And he outlines a path for organizations that includes establishing a business case for applying blockchain, evaluating enterprise cost-benefits, and preparing the organization to develop the requisite knowledge and people skills while overcoming resistance to change. Business leaders should invest, explore and experiment with blockchain now, positioning their organizations to be first in their fields, ahead of both rising startups and late-to-the game incumbent peers.
| Author | : Jaykar Jadhav |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
As the Internet has become more widely available, e-commerce and online shopping have thrived, making it simpler than ever for consumers and sellers to do business online. With the rise of e-commerce, there has been a corresponding increase in the need for a foolproof proof of delivery system for both customers and sellers. To verify delivery, the existing system relies only on a third party. As a result, there is now a possible vulnerability in the system. Currently available evidence from distribution channels demonstrates their transparency, openness, and traceability. The distributed ledger known as the blockchain makes it possible to have a system that is easily transferred across locations, subject to audit, and reliable. Supply chain issues may be mitigated in a number of ways, and one approach is to use the Ethereum blockchain. This solution uses a smart contract on the Ethereum blockchain to independently confirm that a package has been delivered from a seller to a buyer. Each user, including shoppers, merchants, and couriers, must sign up for an account before they may use the Web application. The seller then provides a catalog of products for customers to peruse. Messenger service is chosen according to the sentiment analysis, and payment is made in ethers at the moment of delivery.
