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A REVIEW OF DIFFERENT METHODOLOGIES ON HOW TO EXPLORE BLOCKCHAIN TECHNOLOGY WHICH ARE APPLIED TO OPTIMIZE LOGISTICS PROCESSES

By
Abidin Deljanin ,
Abidin Deljanin

Internacionalni univerzitet travnik , Travnik, Bosnia

Mehmed Konaković ,
Mehmed Konaković

Internacionalni Univerzitet Travnik, Travnik, Bosnia

Amer Konaković
Amer Konaković

International Burch University, Sarajevo, Bosnia

Abstract

Blockchain technology has the potential to improve traceability and transparency, reduce errors and fraud, and increase efficiency and speed in logistics processes. However, the adoption of blockchain in logistics is not without challenges, such as technical complexity, regulatory issues, cultural resistance, and the need for strong governance and standardization. This review aims to explore the different methodologies that use blockchain technology and have been applied to optimize logistics processes and to identify the benefits and limitations of these methodologies. The review is based on a literature review of published research on the use of blockchain in logistics. The results of the review show that there are several methodologies for using blockchain to optimize logistics processes, such as traceability and visibility, smart contracts, and decentralized autonomous organizations (DAOs). These methodologies have the potential to bring significant benefits to logistics processes, but they also have challenges and limitations that need to be carefully considered. The review also identifies several directions for future research on the use of blockchain in logistics, such as case studies, governance and standardization, interoperability, and regulation

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Authors retain copyright. This work is licensed under a Creative Commons Attribution 4.0 International License. Creative Commons License

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