BTCEN Project: Application of Blockchain Technology in Supply Chain


Abstract views: 80 / PDF downloads: 94

Authors

  • Cihan Bulut George Brown College, Toronto, Canada

DOI:

https://doi.org/10.31039/ljss.2024.8.198

Keywords:

Blockchain, Supply Chain Management, Transparency, BTCEN Project, Efficiency.

Abstract

The "BTCEN Project: Application of Blockchain Technology in Supply Chain'' article examines the potential impacts of blockchain technology on supply chain management. This paper highlights how products can increase transparency, reliability, and traceability in supply chains by recording their journey from source to the end user. BTCEN aims to bring a modern perspective to the supply chain by integrating e-commerce, tokenization, CRM, and ERP modules. The project accelerates business processes and reduces costs by eliminating intermediaries, thus providing significant benefits to businesses and consumers. The article shows how blockchain technology can be a valuable tool beyond financial transactions, especially in supply chain management. The success of the BTCEN Project represents a promising example of the potential of blockchain technology to provide innovative solutions in different sectors and lays a solid foundation for future applications of this technology. 

References

A.P. Moller - Maersk & IBM. (2022, November 29). A.P. Moller - Maersk and IBM to discontinue TradeLens, a blockchain-enabled global trade platform. Access date 08 March 2024, https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens

Culliney, K. (2023, February 27). Blockchain gives beauty ‘secure, immutable and transparent’ way to log green claims: Provenance. Retrieved from https://www.cosmeticsdesign-europe.com/Article/2023/02/27/Green-beauty-claims-secure-and-transparent-with-blockchain-technology-says-Provenance

De Beers Group. (2022, May 5). De Beers group introduces world’s first blockchain-backed diamond source platform at scale. Access date 07 March 2024, https://www.debeersgroup.com/media/company-news/2022/de-beers-group-introduces-worlds-first-blockchain-backed-diamond-source-platform-at-scale

Di Vaio A, Varriale L (2020) Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry. Int J Inf Manage 52:102014. https://doi.org/10.1016/j.ijinfomgt.2019.09.010

Features of Blockchain. (2023, March 14). GeeksforGeeks. https://www.geeksforgeeks.org/features-of-blockchain/

Feger, A. (2023, October 19). Blockchain technology: What it is, benefits, and its cross-industry applications. Insider Intelligence. https://www.insiderintelligence.com/insights/blockchain-technology-applications-use-cases/

Gokhberg, E. (no date). The Benefits of Asset Tracking Software. Access date 08 March 2024, https://everledger.io/benefits-of-asset-tracking-software/

Hyperledger. (no date). How Walmart Brought Unprecedented Transparency to the Food Supply Chain with Hyperledger Fabric. Access date 07 March 2024, https://www.hyperledger.org/case-studies/walmart-case-study

Long, D. (2018, April 30). Alibaba launches blockchain technology to improve supply chain integrity and enhance trust in platform. Retrieved from https://www.thedrum.com/news/2018/04/30/alibaba-launches-blockchain-technology-improve-supply-chain-integrity-and-enhance

Pitch Deck. (no date). Retrieved 2024/03/12 from https://btcen.io/pitchdeck.pdf

Pratt, M. K. (2023, September 13). Top 10 benefits of blockchain for business. TechTarget. Retrieved from https://www.techtarget.com/searchcio/feature/Top-10-benefits-of-blockchain-technology-for-business

Roambee. (2021, June 8). Roambee Acquires Swiss-Based Modum to Dominate the Pharma Cold Chain Monitoring Market. Retrieved from https://www.prnewswire.com/news-releases/roambee-acquires-swiss-based-modum-to-dominate-the-pharma-cold-chain-monitoring-market-301307731.html

Xia, J., Li, H., & He, Z. (2023). The Effect of Blockchain Technology on Supply Chain Collaboration: A Case Study of Lenovo. 11(6), 299. https://doi.org/10.3390/systems11060299

What is BTCEN? (no date). Retrieved 2024/03/12 from https://btcen.io/about.html

Whitepaper (no date). Retrieved 2024/03/12 fromhttps://btcen.gitbook.io/btcen-whitepaper/

Wrike Team. (2023, May 14). What is Supply Chain Management (SCM)? Retrieved from https://www.wrike.com/blog/what-is-supply-chain-management/

Yaga, D., Mell, P., Roby, N., & Scarfone, K. (2018). Blockchain Technology Overview. https://doi.org/10.6028/NIST.IR.8202

Downloads

Published

2024-04-01

How to Cite

Bulut, C. (2024). BTCEN Project: Application of Blockchain Technology in Supply Chain . London Journal of Social Sciences, (8), 1–11. https://doi.org/10.31039/ljss.2024.8.198

Issue

Section

Reviews