Cybersecurity in Blockchain Technology: A Theoretical Perspective of Two Key Supply Chain Management Factors

Abstract

Security through decentralization and reliability are the main values that Blockchain technology brings to supply chain management. The increased security in the form of the shared ledger could potentially eliminate a myriad of audits required by systems and processes in supply chain management. This paper focuses on two theories to explain two key supply chain management factors including supplier customization and confidential information sharing. Smart Contracts are used to explain the security of Blockchains in supplier customization. Trust, cooperation, and reverse logistics are further explored to explain how security in Blockchain can be used for information sharing. Keywords: Blockchain, Supply Chain, Smart Contracts, Trust, Reverse Logistics