Blockchain in Supply Chain Management

Blockchain technology has been the focus of much attention and discussion recently. Its unique characteristics, such as immutability, transparency, and decentralization, create a great potential solution for many industries. Especially the automotive sector, which is known for its complex supply chains, large amounts of data, and wide-reaching infrastructure, can profit in many aspects by incorporating blockchain technology. To illustrate the advantages and potential of blockchain in supply chain management, this chapter includes a case study of one of the leading corporations in the automotive industry that has been increasingly committed to adopting this technology. The analysis uses a set of strategic analysis tools frequently used by managers for strategic planning to highlight the benefits and challenges of this approach. Besides contributing to the literature on blockchain and supply chain management, this chapter offers valuable insights for managers, namely in the automotive sector, who are considering adopting blockchain technology in their operations and processes.