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The Potential Role of Blockchain in Supply Chain Management in the Automotive Industry
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Author(s): Catarina Teixeira (University of Porto, Portugal), Gabriela Bessa (University of Porto, Portugal), Inês Ricardo (University of Porto, Portugal), Mariana Ferreira (University of Porto, Portugal), Rafaela Martins (University of Porto, Portugal)and Belem Barbosa (University of Porto, Portugal)
Copyright: 2024
Pages: 29
Source title:
Building Smart and Sustainable Businesses With Transformative Technologies
Source Author(s)/Editor(s): Hamed Nozari (Department of Management, Azad University of the Emirates, Dubai, UAE)
DOI: 10.4018/979-8-3693-0210-1.ch013
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Abstract
The complexity of automotive supply chain management presents significant challenges, demanding rigorous coordination of tasks to ensure efficiency in its operations. This chapter examines the potential benefits of adopting blockchain technology in supply chain management. The study employs a case study methodology, focusing on a prominent European automotive company that, compared to its major competitors, appears hesitant to integrate blockchain into its supply chain management practices. The analysis relies on secondary data and utilizes a range of strategic analysis tools to gain deeper insights into the advantages that blockchain technology could offer in supply chain management. Based on the findings, this chapter offers 12 strategic recommendations pertaining to blockchain technology, which can aid the company in addressing various management issues by enhancing security, efficiency, and technological advancements.
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