Blockchain for IoT Enabled Supply Chain Management - A Systematic Review

Blockchain will increase supply chains' productivity and accountability, and have a positive effect on anything from warehousing to distribution to payment. To bridge the supply chain visibility gap, blockchain is being deployed because of its security features like immutability, tamper-resistant and hash proof. Blockchain integration with IoT increases the traceability and verifiability of the supply chain management and drastically eradicates the fraudulent activities including bribery, money laundering, forged checks, sanction violations, misrepresentation of goods and services. Blockchain can help to cross-check the verification, identification and authenticity of IoT devices to reduce the frequency and ramifications of fraud in supply chain management. The epidemic outbreak of SARS-CoV-2 has disrupted many global supply chains. The Geneva-based World Economic Forum declared that SARS-CoV-2 exposed supply chain failures can be tackled by blockchain technology. This paper explores the modern methodologies of supply chain management with integration of blockchain and IoT.