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The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation

The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation

Zvonko Merkaš, Davor Perkov, Vesna Bonin
Copyright: © 2020 |Volume: 12 |Issue: 1 |Pages: 20
ISSN: 1941-627X|EISSN: 1941-6288|EISBN13: 9781799805854|DOI: 10.4018/IJESMA.2020010101
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MLA

Merkaš, Zvonko, et al. "The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation." IJESMA vol.12, no.1 2020: pp.1-20. http://doi.org/10.4018/IJESMA.2020010101

APA

Merkaš, Z., Perkov, D., & Bonin, V. (2020). The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation. International Journal of E-Services and Mobile Applications (IJESMA), 12(1), 1-20. http://doi.org/10.4018/IJESMA.2020010101

Chicago

Merkaš, Zvonko, Davor Perkov, and Vesna Bonin. "The Significance of Blockchain Technology in Digital Transformation of Logistics and Transportation," International Journal of E-Services and Mobile Applications (IJESMA) 12, no.1: 1-20. http://doi.org/10.4018/IJESMA.2020010101

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Abstract

The purpose of this article is to identify blockchain's role in achieving logistic objectives, with the aim of pointing out the significance of blockchain technology in the digital transformation of logistics and transportation. Implementation of the blockchain technology in combination with IoT elements in logistics and transportation contributes to business process optimization, supply chain traceability and transparency, and significant financial savings. There are limitations as blockchain is at a relatively early stage of development with most projects. Therefore, the approach of theory building from multiple case studies was used. The article provides a comprehensive overview of current blockchain initiatives and use-cases. This article is believed to be the first to address the role of blockchain technology in achieving logistics objectives. Results from this research indicate that blockchain technology contributes to the achievement of logistics objectives.

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