Smart logistics through interoperability of blockchain for sustainable supply chain ecosystem

Blockchain technology has been successful with its application in cryptocurrencies (for example, BITCOIN). It has been recognised as a novel technology for removing the intermediaries in various sectors such as finances and the supply chain [5]. Blockchain increases efficiencies by reducing the overall cost of transactions [28]. Blockchain is a distributed ledger platform capable of reshaping multiple businesses globally. Supply chain management is the backbone of all businesses worldwide. It begins with the raw material procurement, product manufacturing, product distribution through wholesalers, retailers and other channels, and product delivery to the consumers. Supply chain networks around the world are complex and require multiple stakeholders working in synergy.