Blockchain Based Lateral Transshipment

Abstract

Organizations may opt for lateral transfer when an inventory of products needs to be fulfilled relatively quickly to the normal supply chain. They can make these transfers within their own structure, and in some cases, it may be necessary to perform this transfer with different organizations. In this study, we propose a blockchain-based lateral transfer model in which different organizations will meet their needs from each other without the need for a third party. While organizations supply the products they need from each other, they can reduce transportation costs by making the transportation process collectively. As far as we know, how blockchain technology can be used in lateral transfers is a first in the literature.