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What is Decentralized Computing Infrastructure

Chapter 11

Handbook of Research on Designing Sustainable Supply Chains to Achieve a Circular Economy

These computing infrastructures feature computing nodes that can make independent processing and computational decisions irrespective of what other peer computing nodes may decide.

Published in Chapter:

Advancing Towards Sustainable Supply Chain Management Using IoT and Blockchain Technology

Kamalendu Pal (University of London, UK)

Source Title: Handbook of Research on Designing Sustainable Supply Chains to Achieve a Circular Economy

DOI: 10.4018/978-1-6684-7664-2.ch011

Abstract

The central theme of this chapter is to provide an overview of new evolving technologies such as radio frequency identification (RFID), the Internet of Things (IoT), service-oriented computing, and blockchain for advancing supply chain management (SCM) towards sustainability. First, the chapter evaluates the capabilities of Industry 4.0 for sustainability under different technology uses. The chapter expands beyond Industry 4.0 by discussing the capabilities that blockchain technology can offer for increasing sustainability under three main areas: (i) enhance visibility across the entire product lifecycle; (ii) decreasing development and operational costs; and (iii) providing sustainability monitoring and the benefits of having strategic data-sharing practices that help companies concentrate with customers and engage in novel partnerships. Finally, the chapter presents an information system architecture consisting of IoT and blockchain technology to maintain data security and transparency.