Blockchain evaluation framework for supply chain management: a decision-making approach

Abstract

The purpose of this research is to evaluate the application of Blockchain technology for Supply Chain Management. The research approach includes a Multi-Criteria Decision-Making framework based on Fuzzy Analytical Hierarchy Process. The framework analyses a set of Blockchain implementation criteria and their importance ranking for achieving Supply Chain Management. The findings suggest that, to implement Blockchain technology for Supply Chain Management, the most important criterion is Traceability followed by Security and Smart Contact. Decision makers can make use of the developed framework in the supply chain section to evaluate readiness of Blockchain technology and its benefits for Supply Chain frameworks. This will lead to effective allocations for resources and budgets in their planning for various Blockchain deployment.