Internet of Thing (IOT) and Blockchain technology in supply chain ecosystem

Temjanovski, Riste and Bezovski, Zlatko and Jovanov, Tamara (2021) Internet of Thing (IOT) and Blockchain technology in supply chain ecosystem. Macedonian International Journal of Marketing, 7 (13). ISSN 1857-9787

Text (Journal info and Contents) Journal info and Contents - Marketing.pdf Download (260kB)

Abstract

High-tech is the driving force for competition in any industry. This, therefore, means a change and implementation of advanced technology may render a firm competitive to cope with market challenged. However, change in technology in unpropped circumstances should be gradual as it may also render an organization useless. For these reasons, careful consideration must be given to the moment when advanced technology gives the expected results. Such advanced, sometimes revolutionary changes need to be harmonized with other companies, with standardized technological application, with national and international legislation, etc.
Supply chain management today is unimaginable without modern technological, digital changes. The focus is on information, its essential need to obtain, process to users. But this is not the end of the story, but feedback is needed in an endless cycle of actions, which makes such a system open, dynamic and comprehensive.
The subject of this research is the achievements, changes and the application of the cutting edge technological innovation in the Supply Chain Management in logistic sector. The special attention of the paper refers to the question to what extent currently ongoing 4th Industrial Revolution will expand in quality, spatial and sectoral dimensioning as an expected process of applicability of new technologies in the logistics and supply chain management sector.
In Supply chain management and logistic sector, keeping track of transactions is a core activity and logistics is becoming increasingly complex, with more parties directly or indirectly involved in supply chains. This complexity is creating challenges related to communication and end-to-end visibility, including with multi parties’ stakeholders, making logistics processes inefficient. According to some analyzes, as well as based on the data collected during certain tests, the implementation of Blockchain technology, Internet of Things (IoT) and Cloud computing in logistics activities is considered a very significant and positive step in terms of the huge potential it possesses by this high technology.

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Tamara Jovanov
Date Deposited:	12 Jul 2021 17:31
Last Modified:	12 Jul 2021 17:31
URI:	https://eprints.ugd.edu.mk/id/eprint/28298

Actions (login required)

View Item