The usage of blockchain in the supply chain 2.0 as a security and trust-building technology requires a solid framework. Basic and constructive factors for blockchain can have effects on the entire supply chain, and therefore it is very...
moreThe usage of blockchain in the supply chain 2.0 as a security and trust-building technology requires a solid framework. Basic and constructive factors for blockchain can have effects on the entire supply chain, and therefore it is very important to study and identify the key factors as well as its effects on the supply chain 2.0. Therefore, the paper provides, through its methodology, a detailed analysis of the blockchain through the supply chain 2.0. It defines the right factors of blockchain that affect supply chain 2.0 such as scalability, performance, consensus mechanism, privacy considerations, location proof and cost, and details on the impact that blockchains will have in disrupting the supply chain 2.0. Discussing the tradeoff between consensus cost, throughput and validation time it proceeds with a suggested high-level architectural approach, and concludes as a result with a discussion on changes needed and challenges faced for an in-vivo deployment of blockchains in the supply chain industry. While the technological features of modern blockchains can effectively facilitate supply chain uses cases, the various challenges that still remain, bring in front of us a wide set of needed changes and further research efforts for achieving a global, production level blockchain for the supply chain industry.