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Blockchain Technology in Supply Chain Management

Every business is closely observing new technologies like Big Data Analytics, AI and Internet of Things as we all can see and understand their rich potentials. However, a new technology that just appeared on the horizon seems to be not yet understood by many people and companies. Thereby it is clear for experts: what the Internet was for communication will be the Blockchain technology for transactions. With the Blockchain technology a decentralized transaction register (distributed ledger)

is managed by a network of computers and can be only changed by a predefined consensus rule.

From our previous research we have identified so far four main implications of the Blockchain technology for the Supply Chain Management which will be addressed in this Expert Group.