Leveraging the Internet of Things and Blockchain Technologies for Sustainable and Transparent Supply Chain Management.

Abstract

The thesis focuses on correctly applying and implementing Internet of Things (IoT) innovation and blockchain technology in supply chain management, emphasizing sustainability and transparency. Leveraging innovative applications like IoT and blockchain appears to be one effective way to achieve this aim. These platforms provide unique benefits of information technology for supporting sustainable supply chains from the perspective of data-sharing capabilities and value chain integration to drive efficiency and transparency. Ten participants were asked to fill out a self-administered questionnaire, which included questions related to the frequency of technology usage, the implementation of IoT and blockchain in supply chain management (SCM), perceptions about using these technologies in SCM, and challenges encountered while using them. The research aimed to answer the question: How do the Internet of Things and blockchain technologies contribute to enhancing sustainability and transparency within supply chain management practices? After completing the questionnaire, preliminary interviews were conducted with the participants to better understand their ideas and opinions. This paper establishes a current and widespread awareness of IoT and blockchain systems, coupled with significantly low implementation rates and divergent views on their usefulness. Challenges in deploying these technologies include high cost, data privacy, data sharing, integration and coordination, and regulations. While there is little disagreement on the positive changes that are seen as possible with the help of these technologies, there is general agreement that these technologies have potential benefits in enhancing transparency and sustainability within supply chains. Future studies could focus on creating financial inducements and organizing specialized training to overcome implementation barriers like high cost, data privacy, regulatory concerns, and skill personnel gaps. Additionally, the research could recognize practical applications for dealing with the challenges and apply the best methods and real-world advantages of employing IoT and blockchains for sustainable and transparent SCM. KEYWORDS: IoT, Blockchain, Supply Chain, Logistics Management, Sustainability, Transparency