| dc.description.abstract | The blockchain is a decentralized and distributed ledger that facilitates secure and
transparent record keeping. Numerous industries, including finance, healthcare, and
real estate, have adopted it extensively. The logistics sector is currently investigating
the potential of blockchain to mitigate the whiplash effect.
In supply chain management, the bullwhip effect refers to the phenomenon in which
small variations in demand result in large fluctuations in the supply chain. This effect
can lead to inefficiencies such as overproduction and stock shortages, as well as
increased costs, longer lead times, and lower customer satisfaction.
The implementation of blockchain technology in logistics has the potential to reduce
the bullwhip effect by providing supply chain processes with traceability, transparency,
and immutability. Tracking the movement of goods from the manufacturer to the final
consumer and ensuring that all parties have access to the same data can be facilitated
by blockchain. This enhanced visibility can help reduce supply chain uncertainty and
variation, resulting in a more efficient and stable supply chain.
However, the implementation of blockchain technology in logistics requires careful
consideration of obstacles and limitations, as well as the collaboration of multiple
supply chain stakeholders. In this paper, a model of exploiting the advantages of
blockchain while limit its disadvantages will be shown, particularly data sharing in
reducing supply chain costs. | en_US |
