Blockchain with IOT: Applications and use cases for a new paradigm of supply chain driving efficiency and cost

This chapter discusses the use cases of Blockchain with IOT along with other systems/practices to achieve a new paradigm of supply chain. The chapter identifies immediate challenges in various realms of supply chain ranging from product or order tracking, traceability and recall, counterfeiting, agri supply chain, automotive supply chain, digital homes, offices and warehouses to manufacturing and distribution supply chain. Elaborating the key features and capabilities of IOT and Blockchain it explains with example how the combination of these two powerful technologies along with peripherals systems and backbone ERPs can solve the listed business problems. It explores the process flows, technical architecture and business impacts with the IOT and Blockchain combination. The chapter ends with listing of the economic value and cost savings, the IOT Blockchain combination brings to supply chain and the opportunities lying in future.