APPLICATION OF BLOCKCHAIN TECHNOLOGY & IoT BASED SMART SENSORS IN SUPPLY CHAIN MANAGEMENT VIA BUSINESS DEVELOPMENT APPROACH

The industrial world is moving towards the next layer of technological advancement with the inclusion of technologies like IoT, artificial intelligence, robotics, industry 4.0 in its operations and managerial process, this is demanding the revolutionizing the ways of data handling and utilization, so it has given the evolution to the field of Big Data and the concept of using distributed ledger technologies i.e., Blockchain. Implementation of M2M communication with the invention of 5G connectivity is enabling the industries to push towards smart and autonomous manufacturing and managerial processes. The objective of this thesis is to explore the ways and methods for resolving the challenges of existing supply chain practices with the adoption of blockchain technology. The focus of the study is to build the foundation of the business development process for STELLANTIS and TIM, first one tends to embrace the blockchain technology in its supply chain and the former one is realizing the potential of using its technical expertise and knowledge for creating profitable Business Model in the upcoming paradigm shift. At the beginning of the thesis, the concepts related to innovative technologies has been discussed, then the literature review of the implementation and adoption of Blockchain technology in the specific industry has been performed, along with analyzing the existing case studies and use cases specific to our area of interest and after that systematic framework of business development methodology named as GUEST has been used for proposing the modified value chain and potential of creating the new business model in the scenario of implementation of IoT based devices and blockchain technology in the supply chain management. The GUEST methodology has five phases i.e. GO, Uniform, Evaluate, Solve and Test, involvement of analytical tools such as PEST analysis, Porter five forces analysis, business model canvas, Balance scorecard makes it extremely persuasive for efficient business development procedures in the dynamic environment full of uncertainties. The result of using GUEST incentivizes to get solution canvas, which is useful documents for elaborating the costumer with the definitive steps towards the solution of the considered problem of visibility of the battery supply chain with the adoption of IoT-based smart sensors inside the blockchain paradigm. The implementation process entails that using Blockchain and IoT based smart sensors is an effective tool for resolving collaboration and trust issues within a supply chain and can enhance the overall efficiency of the supply chain structures, mitigating the negative consequences of information monopoly along the supply chain of different industries and also discouraging companies from engaging in any malpractice such as counterfeiting and low-quality product.