Atal Bihari Vajpayee Institute of Good Governance and Policy Analysis

(A registered body of Government of Madhya Pradesh under Public Service Management Department)

(A registered body of Government of Madhya Pradesh under Public Service Management Department)

Project Details

ASSESSMENT OF CHALLENGES IN RURAL LOGISTICS AND ITS SOLUTIONS THROUGH BLOCKCHAIN

  • Published Date: 02-03-2022
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This Project researches the possibility of the development of sustainable rural logistics and supply chain management through decentralized data storage represented by blockchain technology. Although the benefits of blockchain technology have been most widely researched in the financial sector, major challenges in logistics, such as order delay, damage to goods, errors, and multiple data entry can also be minimized by introducing block chain technology. Current and rising trends of blockchain technology usage in logistics and supply chain management can be well integrated with the current applications of Rural Logistics in the state of Madhya Pradesh. Likely the biggest challenge will be in achieving successful industry adoption through collaboration and even competition between diverse logistics stakeholders that have legacy processes and varying interests. When it does, this technology will facilitate greater efficiency and new business models including faster and leaner global trade