Blockchain technology and its relationships to sustainable supply chain management
Технология блокчейн и ее взаимосвязи с устойчивым управлением цепями поставок
2018-10-17
SCID: 54.1/ygm8g8df
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blockchain adoption barriersblockchain technologysmart contractssupply chain traceabilitysustainable supply chain management
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Abstract (AI)
Globalisation of supply chains makes their management and control more difficult. Blockchain technology, as a distributed digital ledger technology which ensures transparency, traceability, and security, is showing promise for easing some global supply chain management problems. In this paper, blockchain technology and smart contracts are critically examined with potential application to supply chain management. Local and global government, community, and consumer pressures to meet sustainability goals prompt us to further investigate how blockchain can address and aid supply chain sustainability. Part of this critical examination is how blockchains, a potentially disruptive technology that is early in its evolution, can overcome many potential barriers. Four blockchain technology adoption barriers categories are introduced; inter-organisational, intra-organisational, technical, and external barriers. True blockchain-led transformation of business and supply chain is still in progress and in its early stages; we propose future research propositions and directions that can provide insights into overcoming barriers and adoption of blockchain technology for supply chain management.
Key Findings
1
Blockchain technology can help address global supply chain management challenges by improving transparency, traceability, and security.
2
Blockchain-led transformation of businesses and supply chains remains at an early stage, requiring further research on overcoming adoption barriers.
3
Smart contracts and blockchain applications are critically examined as mechanisms for supporting sustainable supply chain management.
4
Sustainability pressures from governments, communities, and consumers increase the relevance of blockchain for achieving supply chain sustainability goals.
5
The paper identifies four categories of blockchain adoption barriers: inter-organisational, intra-organisational, technical, and external.
Research Object
Blockchain technology and smart contracts applied to supply chain management
Research Subject
The potential of blockchain adoption to improve supply chain sustainability, including transparency, traceability, security, and barriers to implementation
Publication Details
Publication Date
2018-10-17
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