Open Logistics: Blockchain-Enabled Trusted Hyperconnected Logistics Platform

The digitalization and adoption of advanced technologies in supply chain and logistics not only change the business model but also transfer logistics infrastructure to a service-oriented architecture and introduce new avenues concerning supply chain 4.0 (SC4.0). Sharing logistic assets between various businesses leads to improving logistics work, enhancing work productivity, and reducing logistics expenses and environmental impact. However, due to the lack of a secure, trustworthy, and open sharing platform, the companies are not willing to rely on sharing economics. Aiming to improve trust-ability, openness, and interoperability in the SC4.0, this paper presents a blockchain-enabled hyperconnected logistics platform. Firstly, the Open Logistic platform (OL) is proposed, and the key characteristics of this platform are explained. Secondly, the concept of proof of delivery (PoD) based on smart contracts is defined and developed to explore its rule-based management and control among the dynamic assets sharing. Thirdly, the Blockchain asset sharing service is designed and discussed in the context of asset sharing. Fourthly to evaluate the feasibility of the proposed platform, a simulation environment is developed, and OL is implemented based on the case study.

Automated summary

The digitalization and adoption of advanced technologies in supply chain and logistics have changed the business model and introduced new avenues concerning supply chain 4.0. However, the lack of a secure, trustworthy, and open sharing platform hinders companies from relying on sharing economics. To address this issue, this paper presents a blockchain-enabled hyperconnected logistics platform that aims to improve trust-ability, openness, and interoperability in supply chain 4.0.