Transparency by Design for Blockchain-Based Supply Chains
Funlade Sunmola, Patrick Burgess
Abstract
Supply chains are experiencing significant advances in digital technologies, particularly those associated with industry 4.0. An example of such technology is blockchain. Blockchain is a disruptive technology characterised by anonymity and identity, consensus mechanism, decentralisation, overall performance and expectancy, reliability of systems and data, and information transparency. Blockchain offers supply chain opportunities to strengthen end-to-end visibility and traceability, leading to enhanced levels of transparency. Supply chains are increasingly exploring blockchain technology and transparency, with many focusing on system development. This paper explores transparency in blockchain-based supply chains to understand the principles underlining its design. A systematic review of literature is used, accompanied by data-driven analysis. The results present the principles within a framework for transparency by design in blockchain-based supply chains. Limitations and areas for future work are also presented.