Impact of blockchain implementation on food supply chain performance

Abstract

Blockchain has gained considerable interest in food supply chain (FSC). While literature has adequately explored the potentials of Blockchain to single process/company, there are limited studies attempting to examine the impact of Blockchain on the food supply chain network. Thus, this study attempts to model the FSC using System Dynamics (SD) approach to evaluate the impact of Blockchain on key supply chain performance metrics. SD models are built on the collected empirical data and relevant literature. The simulation results with illustrative parameters indicate that Blockchain has strong potentials to improve inventory level, lead time, service level and supply chain effectiveness.