Review Article

Systematic Analysis of Risk Associated with Supply Chain Operations Using Blockchain Technology

Table 4

List of impact of blockchain in the literature.

S. noApplication in daily lifeDescriptionReferences

1.EducationThe aim of this study is to provide blockchain technology that never-before-seen precision, dependability, and immutability. This foundation of clear, verifiable data will be utilized to fuel blockchain-based apps in the future. As a consequence of our effort at a varied, comprehensive, and decentralized perspective of educational performance, we assure the best e-learning outcomes for both students and teachers.[8, 40, 84]
2.TradeoffsThis article covers several existing and future merged mining, scalability, network effect, fragmentation, and generalized blockchain techniques, as well as tradeoffs in the strategy and applications of blockchain systems that aim to give universal functionality.[80]
3.Power material logisticsThe logistics information collecting device is created and implemented in the logistics information system of power firms to get information in real time.[85]
4.Multiasset modelThe paper proposes asset transmission and double-spending detection methods, as well as the anonymous addresses, anonymous asset information, and transaction structure in blockchain system which implement in accounts and multiasset model.[79]
5.Tourism industryThe use of innovation in the IT technologies in the tourism industry has been proposed by focusing the blockchain-based technology in destination management organizations (DMOs).[86]
6.Drug productionThis study enlisted the help of pharmaceutical businesses to provide feedback on blockchain technology for medication manufacturing records. The resulting technology known as blockchain can be utilized to track medication manufacture.[87, 88]
7.Space-air-groundThis study provides a thorough examination of the use of blockchain technology to secure space-air-ground IoT applications.[68]
8.Diamond industryThe study explains the implementation of blockchain in diamond industry, as well as the benefits and drawbacks of this integration.
9.Construction supplyThe research demonstrates the needs for, and stages toward, a blockchain-enabled construction supply structure.[83]
10.System architectureIn this research, author presents a novel architecture known as the dual-channel parallel broadcast (DCPB) model, which might solve such an issue to a higher degree by utilizing three methods: parallel pipeline processing, block broadcast approach, and dual communication channels.[14]
11.E-healthThe network slicing idea is proposed to provide a solution for nonpublic networks (NPNs) in e-health contexts that meets quality of service (QoS) and privacy criteria across slices. In addition, a blockchain technique for securing the network slices (NS) administration layer.[59, 78]
12.Distributed computing systemsThe study proposes a novel blockchain-based mechanism for delegating rights inside distributed computing systems that is devoid of the flaws seen in prior methods.[89]
13.Business processResearchers demonstrate how to develop and conduct interorganizational business processes utilizing blockchain. Further, they demonstrate the ideas and reasoning of the model-driven approach to business process automation on blockchain in particular and then report on recent achievements in the field.[10, 26]
14.Project managementIn this article, the researcher first examines the most recent blockchain applications in project management to disclose the present level of blockchain research and suggests blockchain implementation in the areas of project management. Secondly, it offers a framework to advice implementers and researchers on blockchain privacy, design decisions concerning blockchain type, transparency, platform considerations, and decentralization that are distinctive to a certain project management field.[90]
15.Business sectorThe primary goal of this research is to present and explain the idea of blockchain in the business sector, its existing commercial applications, and the different dangers and security challenges associated with blockchain technology.[45]
16.SocietyThe study aims to demonstrate how blockchain might restore promised qualities of the previous two waves of digitalization and traits that were lost due to centralization tendencies caused by business models that are independent of the underlying technology and also discusses the technology’s decentralization and the issues it brings to organizations and individuals.[91]
17.Data quality assessmentThis paper sets the stage for future study by contextualizing the issue of data quality in blockchain, exploring ways to extend or modify blockchain technology to facilitate data quality evaluation, and highlighting a set of obstacles.[46]
18.Academic entrepreneurshipAccording to the research, the economic service function of colleges and universities to regional economic and social development is becoming more prominent, resulting in a scale effect; pure technical efficiency, academic entrepreneurship efficiency, and scale of universities and colleges in various regions are all improving, with an upward trend; academic entrepreneurship activities of universities and colleges in various regions.[65, 92]
19.Industrial Internet of ThingsThe article provides a comprehensive overview of Blockchain Industrial IoT and analyzes all pertinent features of this innovative idea.[49]
20.Smart gridThis study investigates the structure and implementation of blockchain-based technology in smart grids in order to integrate it with smart grids and develop a sustainable supply chain.[48]
21.Smart citiesThis research demonstrates the reviews and relevance of blockchain in smart cities of the future. Due to their powerful qualities such as reliability, decentralization, transparency, and authentication, it can help smart cities thrive.[39, 77]
22.Aviation industryThe paper presents the key factors offered by blockchain technology in the aviation industry and also highlights layer-by-layer services and interface among aviation system mechanisms.[93]
23.Insurance contractThis article proposes a framework for using smart contracts for insurance agreements and storing them on the blockchain. If the claim occurs, all of the determined requirements are satisfied, and the transaction occurs; then, it is disregarded.[64]
24.Auto insuranceThis article suggests to enhance the present vehicle insurance claim system, a blockchain-based vehicle insurance data sharing scheme. The plan is comprised of four primary bodies: the owner of car, insurer, 4S workshop, and the government body.[94]
25.Vehicle industryStudy examines the state of blockchain in the vehicle industry and discusses hot themes.[71]
26.Manufacturing industryThis article primarily highlights common patterns in blockchain-based IoT technology concentrating on essential themes and by comprehending the integration of IoT and blockchain technology.[7]
27.HealthcareThe motive for using of blockchain technology in the healthcare business has been proposed. The application of blockchain technology in healthcare is rapidly expanding, and it is having a massive influence on the healthcare business. Stakeholders, hospitals, clinics, patients, and other medical may exchange data and promote interoperability by using blockchain to manage and distribute electronic health and medical records.[18, 50, 62, 9597]
28.Textile and clothing industryThis paper explores and offers a blockchain-based traceability framework in multitier textile and garment supply chains in this setting. On organizational level, it intellectualises the interaction of supply chain partners, as well as associated network architecture, at the operational level.[70]
29.Supply chain management systemIn this study, seven main issues have been identified in SCM’s basic operational aspects, such as logistics, distribution, supplier, manufacturer, and customer.[98]
30.Food supply chainThe suggested approach discusses the food supply chain management systems and leverages Ethereum smart contracts, which eliminates fabricating data, external threats, and corrupting databases.[99]
31.Vehicle maintenanceThe study shows the use of blockchain technology in the vehicle spare part maintenance to provide benefits and carry out the automobile industry.[100]
32.Internet of vehiclesThe paper expedites the blockchain-based system for privacy and protection of Internet of vehicles.[101]
33.Energy systemsThis article discusses prominent energy blockchain application scenarios, evaluates generic blockchain limits and their implications on energy systems, and investigates alternative solutions to these limitations for future blockchain-based energy systems.[24]
34.Internet of Things (IoT)The use of blockchain technology to the Internet of Things (IoT) remains a significant problem. A lightweight and high-throughput consensus method paired with blockchain technology to satisfy the actual demands of IoT.[4, 5, 19, 58, 65, 66, 102, 103]
35.Power trading systemThe paper describes the AdaBoost algorithm which is used to forecast power trading node supply and demand gaps.[104]
36.Integrated project deliveryThe study’s findings used in a favourable external environment would facilitate IPD uptake and utilization across the architecture, engineering, and construction (AEC) sector by giving a feasible answer to present financial constraints. The results broaden the scope of future study into blockchain’s ability to address problems similar to those afflicting the AEC sector.[105]
37.Game theoryIn this study, researchers emphasize the intersection of blockchain and game theory, including game-theoretic assaults, rational mining tactics, and rational smart contracts.[47, 106]
38.Medical imagingIn this study, the ideas and principles behind medical imaging technology and applications are examined.[107]
39.Supply chainThis study examines the relationship between blockchain technology and the supply chain factoring sector.
40.Editorial management systemThis study presents TimedChain, a functional blockchain-based editorial management system, for handling the peer-reviewed process and submission to publication.[25]
41.Smart contractsThe research examines how rational actors engaged in blockchain select their methods based on economic incentives to maximize their utility and provide benefit and significance of the smart contracts.[47, 66, 108]
42.InternetThe paper explores the factor of blockchain’s compatibility with other upcoming Internet technologies and the influence of blockchain on those technologies.[69, 74]
43.PatentsThe research focuses on patent publishing patterns, descriptive analysis and important technological categories for the data, and citation analytics for top patents and companies.[109]
44.Music industryIn this article, authors create smart contracts on public-permission-less blockchainto defend the music industry from the repercussions of illegally downloading copyrighted music files and provide a decentralized music file sharing network where the owner of music file may post music files and music lover can download the required music.[110]
45.Measuring instrumentsThe paper suggests a conceptual model for implementing measuring instruments in a distributed blockchain-based architecture, and it has been compared to traditional measuring instruments with the current distributed estimating models.[82, 111]