Inventory management and information sharing based on blockchain technology

This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract...
Ausführliche Beschreibung

Gespeichert in:

Autor*in:	Li, Xiaoming [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2023

Schlagwörter:	Supply chain management Blockchain Digital platform Supply chain resilience

Übergeordnetes Werk:	Enthalten in: Computers & industrial engineering - Amsterdam [u.a.] : Elsevier Science, 1976, 179
Übergeordnetes Werk:	volume:179

DOI / URN:	10.1016/j.cie.2023.109196

Katalog-ID:	ELV009582029

Internformat


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520			\|a This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient.
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650		4	\|a Supply chain resilience
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author_variant	x l xl
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hierarchy_sort_str	2023
bklnumber	85.35 54.80
publishDate	2023
allfields	10.1016/j.cie.2023.109196 doi (DE-627)ELV009582029 (ELSEVIER)S0360-8352(23)00220-6 DE-627 ger DE-627 rda eng 004 VZ 85.35 bkl 54.80 bkl Li, Xiaoming verfasserin (orcid)0000-0001-7085-2768 aut Inventory management and information sharing based on blockchain technology 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient. Supply chain management Blockchain Digital platform Supply chain resilience Enthalten in Computers & industrial engineering Amsterdam [u.a.] : Elsevier Science, 1976 179 Online-Ressource (DE-627)320606899 (DE-600)2020859-5 (DE-576)259271780 0360-8352 nnns volume:179 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 85.35 Fertigung VZ 54.80 Angewandte Informatik VZ AR 179
spelling	10.1016/j.cie.2023.109196 doi (DE-627)ELV009582029 (ELSEVIER)S0360-8352(23)00220-6 DE-627 ger DE-627 rda eng 004 VZ 85.35 bkl 54.80 bkl Li, Xiaoming verfasserin (orcid)0000-0001-7085-2768 aut Inventory management and information sharing based on blockchain technology 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient. Supply chain management Blockchain Digital platform Supply chain resilience Enthalten in Computers & industrial engineering Amsterdam [u.a.] : Elsevier Science, 1976 179 Online-Ressource (DE-627)320606899 (DE-600)2020859-5 (DE-576)259271780 0360-8352 nnns volume:179 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 85.35 Fertigung VZ 54.80 Angewandte Informatik VZ AR 179
allfields_unstemmed	10.1016/j.cie.2023.109196 doi (DE-627)ELV009582029 (ELSEVIER)S0360-8352(23)00220-6 DE-627 ger DE-627 rda eng 004 VZ 85.35 bkl 54.80 bkl Li, Xiaoming verfasserin (orcid)0000-0001-7085-2768 aut Inventory management and information sharing based on blockchain technology 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient. Supply chain management Blockchain Digital platform Supply chain resilience Enthalten in Computers & industrial engineering Amsterdam [u.a.] : Elsevier Science, 1976 179 Online-Ressource (DE-627)320606899 (DE-600)2020859-5 (DE-576)259271780 0360-8352 nnns volume:179 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 85.35 Fertigung VZ 54.80 Angewandte Informatik VZ AR 179
allfieldsGer	10.1016/j.cie.2023.109196 doi (DE-627)ELV009582029 (ELSEVIER)S0360-8352(23)00220-6 DE-627 ger DE-627 rda eng 004 VZ 85.35 bkl 54.80 bkl Li, Xiaoming verfasserin (orcid)0000-0001-7085-2768 aut Inventory management and information sharing based on blockchain technology 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient. Supply chain management Blockchain Digital platform Supply chain resilience Enthalten in Computers & industrial engineering Amsterdam [u.a.] : Elsevier Science, 1976 179 Online-Ressource (DE-627)320606899 (DE-600)2020859-5 (DE-576)259271780 0360-8352 nnns volume:179 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 85.35 Fertigung VZ 54.80 Angewandte Informatik VZ AR 179
allfieldsSound	10.1016/j.cie.2023.109196 doi (DE-627)ELV009582029 (ELSEVIER)S0360-8352(23)00220-6 DE-627 ger DE-627 rda eng 004 VZ 85.35 bkl 54.80 bkl Li, Xiaoming verfasserin (orcid)0000-0001-7085-2768 aut Inventory management and information sharing based on blockchain technology 2023 nicht spezifiziert zzz rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient. Supply chain management Blockchain Digital platform Supply chain resilience Enthalten in Computers & industrial engineering Amsterdam [u.a.] : Elsevier Science, 1976 179 Online-Ressource (DE-627)320606899 (DE-600)2020859-5 (DE-576)259271780 0360-8352 nnns volume:179 GBV_USEFLAG_U GBV_ELV SYSFLAG_U GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_101 GBV_ILN_105 GBV_ILN_110 GBV_ILN_150 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 85.35 Fertigung VZ 54.80 Angewandte Informatik VZ AR 179
language	English
source	Enthalten in Computers & industrial engineering 179 volume:179
sourceStr	Enthalten in Computers & industrial engineering 179 volume:179
format_phy_str_mv	Article
bklname	Fertigung Angewandte Informatik
institution	findex.gbv.de
topic_facet	Supply chain management Blockchain Digital platform Supply chain resilience
dewey-raw	004
isfreeaccess_bool	false
container_title	Computers & industrial engineering
authorswithroles_txt_mv	Li, Xiaoming @@aut@@
publishDateDaySort_date	2023-01-01T00:00:00Z
hierarchy_top_id	320606899
dewey-sort	14
id	ELV009582029
language_de	englisch
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author	Li, Xiaoming
spellingShingle	Li, Xiaoming ddc 004 bkl 85.35 bkl 54.80 misc Supply chain management misc Blockchain misc Digital platform misc Supply chain resilience Inventory management and information sharing based on blockchain technology
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title	Inventory management and information sharing based on blockchain technology
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title_full	Inventory management and information sharing based on blockchain technology
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title_sort	inventory management and information sharing based on blockchain technology
title_auth	Inventory management and information sharing based on blockchain technology
abstract	This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient.
abstractGer	This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient.
abstract_unstemmed	This paper presents a structural framework for blockchain-based supply chains (SCs) and demonstrates how blockchain technology can help realize five crucial changes: common platform, end-to-end information sharing and traceability, real-time update, speedy and efficient asset transfer, and contract automation. The most unique change is that a blockchain-based supply chain operates on a decentralized common platform, in contrast to the tiered structure of a traditional supply chain. Using fundamental analytical models, inventory management and information-sharing benefits from the abovementioned critical changes were quantified. Therefore, the three managerial implications for supply chain resilience are as follows. (1) A blockchain-based SC essentially transforms a multi-tier SC into a one-platform SC, effectively shortening the length of SC tiers and therefore eliminating problems and challenges in multi-tier supply chain management (SCM). A blockchain-based SC can be both time- and cost-efficient. (3) A company on the blockchain platform can reduce the cost and risk/variance associated with its SC partners. These results can substantially contribute to the industry, given that blockchain is in the early stage, thus rendering supply chains smarter and more efficient.
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title_short	Inventory management and information sharing based on blockchain technology
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