1st Edition

Blockchain Technology Transforming Businesses and Shaping the Future

    312 Pages 51 B/W Illustrations
    by CRC Press

    Blockchain technology is considered a disruptive innovation that changes the ways companies and global processes operate. This technology has impressive powers to change this world for the better.

    This book examines the origins, emergence, challenges, and opportunities in the blockchain field, rethinking business strategy and readiness in the digital world and how blockchain technology would improve businesses. It provides a blockchain readiness model for managing supply chains and reviews enabling technologies such as AI, big data and organisational capabilities that support the adoption of blockchain technology. Through innovative design and simulation of a blockchain framework, it aims to enhance the traceability and transparency of business operations and supply chains. This includes developing key performance indicators for measuring the seamless integration of blockchain technology and achieving a successful outcome. It explores how blockchain technology enhances the green and sustainability aspects of businesses by comparing the sectors and discussing the potential for blockchain to promote a green and sustainable economy. This book concludes with research frontiers and blockchain applications in healthcare, international trade, and supply chain sectors.

    Key features

    • Integrates both theoretical and practical perspectives
    • Includes material that is informative for readers from diverse backgrounds and disciplines
    • Explores blockchain technology practices and challenges in-depth across various sectors
    • Offers up-to-date, critical insights on the design, management, and control of blockchain technology for businesses
    • Written by experts with extensive experience in the field.

    It is primarily written for senior undergraduate, graduate students, and academic researchers in the fields including electrical engineering, electronics and communication engineering, computer engineering, and information technology.


    Part 1: Introduction


    Chapter 1. Mapping the knowledge domain of Blockchain Technology studies: A Scientometric Analysis

    Jay Daniel, Drew Stapleton


    Part 2: Rethinking strategy and blockchain readiness in the digital world


    Chapter 2. Blockchain readiness model for supply chain management

    Ahmed Almaazmi, Jay Daniel


    Chapter 3. Modelling of Blockchain interruptions for smooth integration with supply chain: An ISM-MICMAC mapping approach

    Sachin Yadav, Shubhangini Rajput 


    Chapter 4. Enablers of Blockchain: A view of digital assets and organisational capabilities

    A. Hirst, C. Veasey, J. Daniel


    Part 3: Blockchain adoption and enabling technologies.


    Chapter 5- Blockchain Technology and Artificial Intelligence for Enhanced Vaccine Supply Chain Management

    Utkarsh Mittal, Amit Kumar Yadav


    Chapter 6- Harnessing Synergy: A Multidimensional Exploration of AI, Big Data, and Blockchain Convergence in the Healthcare Sector

    S. Balasubramanian, V. Shukla, S. Ajayan, S. Sreejith, A. Upadhyay


    Chapter 7- An Innovative Design and Simulation of a Blockchain-based Smart Contract Framework for Enhancing Gold Traceability

    Deo Shao, Martha Shaka, Fredrick Ishengoma, George Bennett, Fredrick Betuel Sawe, Jay Daniel


    Part 4: Managing the Blockchain technology


    Chapter 8- Managing and Planning Blockchain Implementation Framework: A Conceptual Model

    Jay Daniel, Jehan Zaib


    Chapter 9- Ensuring Transparency: The Blockchain Impact on Agriculture and Livestock Traceability

    Rakesh G Nair, Pankaj Kumar Detwal, M. Muthukumar


    Chapter 10- The role of Blockchain in the sustainability of green technology

    R. Sinha, S. Mohan, A. Upadhyay


    Part 5: Blockchain technology and practices in business management


    Chapter 11- Blockchain applications in healthcare sector: Opportunities and challenges

    Biswaksen Mishra, Rajesh Kumar Singh


    Chapter 12- Improving Transparency and Efficiency in International Trade Through Blockchain Technology

    Witold Bahr, Lee Ee Yern, Ian McEwan


    Jay Daniel is a senior lecturer and technology innovation research cluster lead at the Centre for Supply Chain Improvement at the University of Derby, UK. Before joining the Derby Business school, he was a lecturer in Supply Chain and Information Systems at the University of Technology Sydney (UTS), Australia. Previously with DB Schenker, Australia, and Alliance International Registrar, Asia Pacific, Jay held positions of Senior Management Consultant, Supply Chain Solution Analyst, Project Manager, Industry Trainer, and Lead Auditor. He has published over 60 refereed papers in many prestigious journals and international conferences such as IEEE Transactions on Fuzzy Systems, International Journal of Information Management, Service Research, and Innovation, amongst others. Dr Daniel is serving on the editorial board of several top journals such as Australasian Journal of Information Systems (ERA rank A), Quality Management Journal, Operations Management Research, etc. and on several leading scientific/program committees of national/international conferences. His research is funded by government agencies such as InterAct, Economic and Social Research Council, Made Smarter Innovation, UK Research and Innovation and industry collaborators around the World. Dr Daniel has been invited as a keynote speaker/invited speaker at international industry and academic workshops and conferences around the globe such as Keynote Speaker in Oracle Modern Business Experience Conference (Australia), and World-class speaking about sustainable Supply chain at IISRP (USA, France, Italy, China, Korea, Russia, Germany, Japan, Austria, etc.). Dr Daniel is honoured to be included in the Top 50 Thought Leaders and Influencers on Supply Chain developed by thinkers 360.

    Ashutosh Samadhiya is a distinguished academic figure in the field of Operations and Supply Chain Management, known for his significant contributions to research and education. Currently serving as an Assistant Professor at Jindal Global Business School, OP Jindal Global University, Sonipat, India, Dr. Samadhiya has amassed over eight years of experience in teaching, research, and innovation. His academic journey culminated in the attainment of a Ph.D. in Operations and Supply Chain Management from the esteemed Indian Institute of Technology Roorkee (IIT Roorkee), India. During his doctoral studies, Dr. Samadhiya showcased his innovative prowess by developing a groundbreaking handloom machine, a feat that earned him an Indian patent, granted by the Indian Government. Furthermore, he demonstrated his commitment to technological advancement by transferring the technology associated with the handloom machine. In recognition of his academic excellence and research acumen, Dr. Samadhiya was selected for the prestigious Newton-Bhabha PhD placement program. This opportunity led him to collaborate with the Centre of Supply Chain at the University of Derby, UK, in 2021. Since then, he has maintained an honorary visiting researcher position at the University of Derby, fostering international collaborations and enriching his academic pursuits. Dr. Samadhiya's scholarly endeavors extend beyond academia, as evidenced by his prolific publication record in international referred and national journals, as well as presentations at renowned conferences on both the international and national stages. His research interests span a wide array of topics, including sustainability science, green/sustainable supply chain management, green operations, sustainable procurement, sustainable development, circular economy, Industry 4.0, performance measurement, human capital in supply chain and operations, decision modeling for sustainable business, and integration of operational areas with other domains. Moreover, Dr. Samadhiya possesses a diverse skill set, encompassing advanced statistical models, multivariate analysis, multi-criteria decision-making, fuzzy theory, fuzzy optimization, fuzzy multi-criteria decision-making, grey theory and analysis, machine learning, and more. His proficiency in these areas equips him to undertake complex research projects across various settings, including rural, semi-urban, and urban environments. In addition to his scholarly achievements, Dr. Samadhiya holds a design patent for an Artificial Intelligence Cash counting machine, showcasing his innovative spirit and commitment to technological innovation. Furthermore, he has made significant contributions to the academic community by serving as a reviewer and guest editor for esteemed journals, thereby enhancing the quality and rigor of scholarly publications. Overall, Dr. Ashutosh Samadhiya's career trajectory exemplifies a steadfast dedication to advancing knowledge, fostering innovation, and making meaningful contributions to the fields of Operations and Supply Chain Management, sustainability science, and beyond. Through his interdisciplinary approach and collaborative endeavors, he continues to shape the landscape of academia and inspire future generations of scholars and practitioners alike.

    Jose Arturo Garza-Reyes is a professor of Operations Management and Head of the Centre for Supply Chain Improvement at the University of Derby, UK. He is actively involved in industrial projects where he combines his knowledge, expertise, and industrial experience in operations management to help organizations achieve excellence in their internal functions and supply chains. He has also led and managed international research projects funded by the British Academy, British Council, European Commission, Innovate UK, and Mexico’s National Council of Science and Technology (CONACYT). As a leading academic, he has published over 300 articles in leading scientific journals, international conferences, and eight books. Prof. Garza-Reyes is the Associate Editor of the International Journal of Operations and Production Management, Associate Editor of the Journal of Manufacturing Technology Management, Editor of the International Journal of Supply Chain and Operations Resilience, and Editor-in-Chief of the International Journal of Industrial Engineering and Operations Management. Areas of expertise and interest for Professor Garza-Reyes include Operations and Production Management, Supply Chain and Logistics Management, Lean and Agile Operations and Supply Chains, Sustainability within the context of Operations and Supply Chains, Circular or Closed-Loop Operations and Supply Chains, Sustainable and Green Manufacturing, Industry 4.0 technologies application in operations and supply chains, Lean Management, Quality Management & Operations Excellence and Innovation Management.