Blockchain technology in supply chain management - automotive industry

The automotive industry is a particularly promising application case for blockchain technology adoption. It creates opportunities for manufacturers to increase their tracking capabilities to meet the increasing demand for supply chain visibility. This paper examines industry insights through intervi...

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Main Author: Lee, Sherwin Ler Yang
Other Authors: -
Format: Final Year Project
Language:English
Published: Nanyang Technological University 2022
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Online Access:https://hdl.handle.net/10356/163608
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1636082022-12-12T08:05:13Z Blockchain technology in supply chain management - automotive industry Lee, Sherwin Ler Yang - School of Civil and Environmental Engineering Seow Kheng Oon khengoon.seow@ntu.edu.sg Engineering::Maritime studies The automotive industry is a particularly promising application case for blockchain technology adoption. It creates opportunities for manufacturers to increase their tracking capabilities to meet the increasing demand for supply chain visibility. This paper examines industry insights through interviews with industry practitioners and managers to explore the existing challenges of adopting blockchain technology in the upstream automotive supply chain. The findings suggest that blockchain is a viable solution for the issues facing the automotive industry, such as product recalls and increased supply chain disruptions. However, the lack of understanding of the technology and difficulty in integrating the technology into current processes may hinder the acceleration of industry-wide applications. The possible solutions for these challenges include increasing awareness and education, to make it less daunting to understand the technology. In addition, companies can form consortiums and strategic alliances to increase collaboration and benefit the industry. Furthermore, industry standards can be established to reduce administrative burden and complexity of cross-system communications. Bachelor of Science (Maritime Studies) 2022-12-12T08:05:13Z 2022-12-12T08:05:13Z 2023 Final Year Project (FYP) Lee, S. L. Y. (2023). Blockchain technology in supply chain management - automotive industry. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/163608 https://hdl.handle.net/10356/163608 en application/pdf Nanyang Technological University
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Maritime studies
spellingShingle Engineering::Maritime studies
Lee, Sherwin Ler Yang
Blockchain technology in supply chain management - automotive industry
description The automotive industry is a particularly promising application case for blockchain technology adoption. It creates opportunities for manufacturers to increase their tracking capabilities to meet the increasing demand for supply chain visibility. This paper examines industry insights through interviews with industry practitioners and managers to explore the existing challenges of adopting blockchain technology in the upstream automotive supply chain. The findings suggest that blockchain is a viable solution for the issues facing the automotive industry, such as product recalls and increased supply chain disruptions. However, the lack of understanding of the technology and difficulty in integrating the technology into current processes may hinder the acceleration of industry-wide applications. The possible solutions for these challenges include increasing awareness and education, to make it less daunting to understand the technology. In addition, companies can form consortiums and strategic alliances to increase collaboration and benefit the industry. Furthermore, industry standards can be established to reduce administrative burden and complexity of cross-system communications.
author2 -
author_facet -
Lee, Sherwin Ler Yang
format Final Year Project
author Lee, Sherwin Ler Yang
author_sort Lee, Sherwin Ler Yang
title Blockchain technology in supply chain management - automotive industry
title_short Blockchain technology in supply chain management - automotive industry
title_full Blockchain technology in supply chain management - automotive industry
title_fullStr Blockchain technology in supply chain management - automotive industry
title_full_unstemmed Blockchain technology in supply chain management - automotive industry
title_sort blockchain technology in supply chain management - automotive industry
publisher Nanyang Technological University
publishDate 2022
url https://hdl.handle.net/10356/163608
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