CS132-6 Assignment Sample – Developing Independent Research
Module Code And Title : CS132-6 Assignment Sample – Developing Independent Research
Introduction
Literature Review aims at critically analysing research papers and peer-reviewed articles to analyse their strengths and weaknesses. In this assignment, almost ten articles are chosen that aim at analysing challenges and opportunities of blockchain. This essay was easy to find as it is one of the progressive topics of the current era.
A critical analysis of literature is done to analyse context, scope and future directions along with the methodology that is being used to gather data. As a result, criticism is done so that loopholes and gaps of literature can be detected and scope of improvement can be given to future researchers as well. In this essay, detailed review of literature is done to incorporate modern tyres into existing ideas that are researched by authors of chosen articles. Secondary resources that are peer reviewed and reliable are chosen for this literature review. The chosen paper is written in the context of UK food industry encouraging the industry to use blockchain technology to enhance its productivity as well as profitability.
Concept of blockchain technology
Blockchain technology is a modern tool that is being significantly used by many firms to engage their transparency as well as countability. Food industry can use this tool to keep a track of its manufacturing and supply chain activities. As stated by Rejeb et al. (2021), this modern technology aims at revolutionising food entry by providing it with a significant number of properties such as easy tracing of food supply in the United Kingdom, increased operational efficiencies and streamlining of trading processes. Integration of blockchain with supply chain in food industry can help it in forecasting market demands and wastage of food due to excessive delivery can be reduced as well.
Engagement of security can be provided through this technology, which can further provide accountability to customers and satisfaction of stakeholders can be increased considerably. During the onset of covid-19 pandemic, a huge amount of food was wasted as customer demand reduced drastically and supply of food products that are already provided to every national and international market got spoiled due to lowered sale margins (Kalaitzi et al. 2019). As a result, there is a need for a technology that can maintain transparency of supply and demand processes. Blockchain technology can manage transparency and accountability to forecast market demand and provide updates accordingly.
Advantages of using blockchain technology in supply chain of UK food industry
Food industry in the United Kingdom deals with millions of customer data and financial information. As a result, there is a risk of cyber hacking and manipulation of private data while sharing the or strong their over virtual platforms. As a result, Blockchain technology enhances security of data and provides user satisfaction by reducing scope of data breaching (Paliwal et al. 2020). Similarly, the food industry conducts thousands of transactions in a day and online payment leads to making final data prone to cyber breaching.
Blockchain technology can induce transparency in the whole system and process of food entry that have several benefits such as companies can analyse data related to food tampering, false advertising and wastage of food. Similarly, decrease in food spoiling can enhance sustainability of the UK food industry and increase their profit margins as well (Sharma et al. 2021).
Business companies can deploy blockchain technology and contribute higher revenue to the economic system of their respective countries. As commented by Park and Li (2021), future supply chain practices can be positively impacted by this technology as supply chains can be tracked and food supplies can be received in a time-efficient manner. Saucy chain management can be done in an effective manner when blockchain technology issues to track food supplies and prioritise market demands before supply of orders is delivered to respective markets.
Challenges of integrating blockchain technology in supply chain of food industry
Several challenges are faced by companies while deploying modern technologies and strategies that can be adopted to increase the potential of this technology in the UK food industry. It is stated by Rejeb et al. (2021) that there are certain technical issues that levy challenges on organisations while using them for supply chain management and tracking of operational activities.
Food industry can also improve its predictability by implementing blockchain technology. Some of the potential challenges they focussed on in this study include technical issues related to management and handling of blockchain technology Organisational issues such as scarcity of trained employees and regulatory issues also levies challenges in implementation of blockchain technology (Tasnim, 2020). Challenges need to be made so that more companies in the UK food industry can use it in their supply chain.
Not only technical challenges, but UK food industry also faces financial constraints in post-covid era. Financial issues decrease chances of meeting blockchain technology in the food industry and its up chain. As a result, there is a lack of transparency in the supply chain and issues of the food industry related to food wastage are increasing. Therefore, as stated by Rejeb et al. (2019), this issue needs to be mitigated in the post-covid era so that supply chain management can be improved and the food industry can earn higher revenues to support the economic system of the United Kingdom.
Strategies that can be used to mitigate the challenges of blockchain technology
Strategies that can be deployed while mitigating challenges of blockchain technology is financial support by the UK government to encourage food pantries to implement blockchain technology in their supply chain management activities (Duan et al. 2020). Similarly, training must be given to the workforce so that they can understand the importance of blockchain technology and guide future generations to utilise modern tools to improve supply chain performance and transparency.
Overall, it also comes from Wang et al. (2019), supply chain management can be secured and confidential data can be maintained if blockchain technology is used in storing information. As a result, these stars must be deployed to mitigate scarcity of labourers and enhance awareness in the UK food industry so that they can gather funds to utilise modern techies and support the economic stability of the United Kingdom.
Future scope of this research topic
Future researchers can conduct a primary survey and interview to gather information about current issues that are faced by the food industry and how adversities of covid-19 can be reduced by depleting blockchain technology. As influenced by Duin et al. (2021), blockchain technology is a progressive tool and it must be included in university and college courses as that labour shortage can be reduced in industry and professional workplaces. Future scope of blocking technology is significantly high and this research study has aimed at outlining all such dimensions that can allow future researchers to re-evaluate this topic. Future scope of research can aim to resolve loopholes in this research.
Gaps in literature
Major gap that is answered in the chosen literature that is relevant to the topic is their accuracy of methodology. Methodology used in most of these papers is review of secondary resources such as articles and journals to gather relevant data about chosen topics (Rejeb et al. 2019). However, deployment of surveys or interviews could be beneficial as it helps in addressing significant changes in current industry and how they can be resolved by blockchain technology.
As influenced by Paliwal et al. (2020),a survey could have been done over a virtual platform to prevent violation of covid-19 recruits in 2020 Though there is an in-depth analysis of collected data, there is a lack of idea about current practices and challenges that the UK food industry is currently facing in supply chain management and how blockchain technology can mitigate come tier issues. Similarly, researchers have failed to outline ethical considerations and search strategy that is being used to search secondary resources.
Conclusion
Overall, it can be concluded that this blockchain technology contributes significantly to the world of digitisation. Blockchain technology has serial dates and disagrees, however, it can provide higher profit margins to UK food industry by enhancing transparency and ability to track food in supply chain.
Waste and spoilage of food can be reduced and demand forecasts can be done as well. Blockchain technology not only enhances transparency, but also secures financial transactions and assists supply chain companies to either contain data related to customers. It is also analysed that lack of skilled labours and technical assistance can lead to several challenges, but it can be mitigated by providing necessary training to employees.
References
Duin, A.H., Pedersen, I. and Tham, J., (2021). Building digital literacy through exploration and curation of emerging technologies: A networked learning collaborative. In Conceptualising and Innovating Education and Work with Networked Learning (pp. 93-113). Springer, Cham.
Paliwal, V., Chandra, S. and Sharma, S., (2020). Blockchain technology for sustainable supply chain management: A systematic literature review and a classification framework. Sustainability, 12(18), p.7638.
Park, A. and Li, H., (2021). The effect of blockchain technology on supply chain sustainability performances. Sustainability, 13(4), p.1726.
Rejeb, A., Keogh, J.G. and Treible Maier, H., (2019). Leveraging the internet of things and blockchain technology in supply chain management. Future Internet, 11(7), p.161.
Rejeb, A., Keogh, J.G., Zailani, S., Treible Maier, H. and Rejeb, K., (2020). Blockchain technology in the food industry: A review of potentials, challenges and future research directions. Logistics, 4(4), p.27.
Sharma, M., Joshi, S., Luthra, S. and Kumar, A., (2021). Managing disruptions and risks amidst COVID-19 outbreaks: role of blockchain technology in developing resilient food supply chains. Operations Management Research, pp.1-14.
Tasnim, Z.E.R.I.N., (2020). Disruption in global Food Supply Chain (FSCs) due to Covid-19 pandemic and impact of digitalization through block chain technology in FSCs management. European Journal of Business and Management, 12(17), pp.73-84.
Wang, Y., Han, J.H. and Beynon-Davies, P., (2019). Understanding blockchain technology for future supply chains: a systematic literature review and research agenda. Supply Chain Management: An International Journal.
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