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http://dx.doi.org/10.12815/kits.2022.21.2.116

A Study on the Possibility of Blockchain Technology Adoption in the Logistics Industry  

Kye, Dong Min (Dept. of Logistics, The Korea Transport Institute)
Hur, Sung Ho (Graduate school of logistics, Incheon National University)
Publication Information
The Journal of The Korea Institute of Intelligent Transport Systems / v.21, no.2, 2022 , pp. 116-131 More about this Journal
Abstract
With the recent progress of the 4th industrial revolution, the logistics industry is also making efforts to introduce smart logistics, and various attempts are being made to spread logistics informatization, which is the core of smart logistics. Among these, blockchain technology is considered as a technology that will contribute to the spread of logistics informatization and is being applied to various fields. Accordingly, in this study, to discuss the applicability of blockchain technology to the logistics industry, the characteristics of blockchain technology were defined, related cases were reviewed, and a survey was conducted on the possibility of application in the industry. Blockchain technology can be defined as having the characteristics of economic feasibility, speed, transparency in terms of work efficiency, and scalability, decentralization (decentralization), reliability (security) in terms of added value creation. It was confirmed that many are being introduced in the fields of distribution, finance, personal information, and public services. As a result of the survey on the logistics industry, it was confirmed that the level of informatization of the logistics industry had entered the stage of generating profits by using information, but the industry was passive in sharing and utilizing information due to concerns about information leakage. Nevertheless, the awareness and expectation of the need for informatization is high, and it is expected that the informatization of the logistics industry and realizing smart logistics based on it will advance one step further with the introduction of blockchain technology in the future.
Keywords
Logistics informatization; Logistics digitalization; Blockchain; Smart logistics; 4th industrial revolution;
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