Nugun P. Jellason, Ambisisi Ambituuni, Douglas A. Adu, Joy A. Jellason · 7 authors
Purpose We conducted a systematic review to explore the potential for the application of blockchain technologies for supply chain resilience in a small-scale agri-food business context. Design/methodology/approach As part of the research methodology, scientific databases such as Web of Science, Google Scholar and Scopus were used to find relevant articles for this review. Findings The systematic review of articles (n = 57) found that the use of blockchain technology in the small-scale agri-food business sector can reduce the risk of food fraud by assuring the provenance of food products. Research limitations/implications Only a few papers were directly from a small-scale agribusiness context. Key challenges that limit the implementation of blockchain and other distributed ledger technologies include concerns over the disclosure of proprietary information and trade secrets, incomplete or inaccurate information, economic and technical difficulties, low levels of trust in the technology, risk of human error and poor governance of process-related issues. Originality/value The application of blockchain technology ensures that the risks and costs associated with non-compliance, product recalls and product loss are reduced. Improved communication and information sharing can increase resilience and better support provenance claims and traceability. Better customer relationships can be built, increasing supply chain efficiency and resilience.
Leonardo Marques, Dafne Oliveira Carlos de Morais, Ana Terra
The fashion industry has consistently ranked high in terms of its association with modern slavery. While scandals like the Rana Plaza incident have focused the world's attention on Asia, in Brazil, over 35,000 people have been rescued from conditions analogous to slavery in the past 15 years. Outsourcing and the underlying social structures that blur the implementation of outsourcing are central to this problem. Fashion supply chains are highly fragmented and labour intensive, exhibiting power asymmetry and informality. Although supply chain research has focused on how focal firms can control or improve supplier practices, this study examines focal firm misconduct and decoupling. Our research presents an intervention aimed at developing a blockchain solution to create a census of fashion working conditions in Brazil. The project included two non-governmental organisations, two fashion brands and their suppliers, the fashion retail association, a blockchain start-up and the research team (18 organisations). We contribute to both theory and practice, revealing that the blockchain's potential to ease transaction costs is outweighed by governance costs related to third-party supervision. We show that focal firms justify unfair purchasing practices via victimisation and diverting attention from themselves to consumers (âunwilling to payâ) and suppliers (ânot behaving as expectedâ), unveiling how these drivers of organisational misconduct lead to supplier decoupling (meansâend) and focal firm decoupling (policyâpractice). Such underlying social structures sustain inaction or, at best, advance focal firmsâ visibility of their supply chains while offering no true transparency to the broader society.
Supply chain traceability is essential for ensuring safety, preventing counterfeit goods, and improving efficiency. The integration of blockchain technology and the Internet of Things (IoT) has emerged as a transformative approach to enhance supply chain traceability by creating a secure, transparent, and efficient way to track the movement of goods and materials. This comprehensive literature review examines how the integration of blockchain and the Internet of Things can enhance supply chain traceability, utilizing a systematic literature search to identify and analyze all relevant studies. Recent and related articles selected from the Scopus database were reviewed. Our analysis underscores the potential for blockchain and IoT integration to provide end-to-end visibility, secure data sharing, and real-time monitoring across the supply chain ecosystem. It also identifies Machine Learning (ML) as another key component that enhances the security challenges of the Internet of Things while simultaneously serving as an analytical tool in Supply Chain Management (SCM). The review concludes that the integration of blockchain, the Internet of Things, and ML has the potential to transform supply chain traceability. By providing a secure, transparent, and efficient way to track the movement of goods and materials, businesses can improve their operations and offer better products and services to their customers. However, these findings do not impact the results of this research work. Additional research and a more extensive examination of the literature could offer a more comprehensive insight into the subject matter.
Malik Abu Afifa, Tho Hoang Nguyen, Lien Thuy Le Nguyen, ThĂșy Há»ng Thá» Tráș§n · 5 authors
Purpose This study aims to examine the relationship between blockchain technology (BCT) adoption and firm performance (FIP) mediated by cyber-security risk management (CSRM) in the context of Vietnam, a developing country. Besides, the mediating effect of risk-taking tendency (RTT) has been considered in the BCTâCSRM nexus. Design/methodology/approach Data is collected using a survey questionnaire of Vietnamese financial firms through strict screening steps to ensure the representativeness of the population. The ending pattern of 449 responses has been used for analysis. Findings The findings of partial least squares structural equation modeling demonstrated that CSRM has a positive effect on FIP and acts as a mediator in the BCTâFIP nexus. Furthermore, RTT moderates the relationship between BCT and CSRM significantly. Practical implications This study introduces the attractive attributes of applying BCT to CSRM. Accordingly, managers should rely on BCT and take advantage of it to improve investment resources, business activities and functional areas to enhance their firm's CSRM. Especially, managers should pay attention to enhancing their RTT, which improves FIP. Originality/value This study supplements the previous literature in the context of CSRM by indicating favorable effects of BCT and RTT. Additionally, this study identifies the effectiveness of RTT as well as its moderating role. Ultimately, this paper has been managed as a pioneering empirical study that integrates BCT, RTT and CSRM in the same model in a developing country, specifically Vietnam.
Nabeel Mehboob, Mirza A. Haq, Muhammad Awais Bhatti
The wide array of functions performed by a state referred to as public sector is increasingly applying the practices of supply chain management. The public sector has special emphasis on the aspects of transparency, efficiency, and resilience as increased awareness among the citizens is forcing the states to provide better value to the taxpayer money. Use of information and communication technologies has been attributed to improve the visibility and efficiency in public sector. Blockchain technology, being an emerging disruptive technology providing immutable distributed ledgers, has strong theoretical application in public sector. Following a systematic literature review the research establishes that Blockchain technology enables transparency, efficiency, and resilience in the supply chain. As these enablers are key determinant of success in public sector supply chain, therefore existing research on application of blockchain technology in the sector are explored to identify the current standing of the research on the subject and propose future course.
Purpose Although blockchain technology holds significant promise in influencing supply chain resilience (SCR), its effectiveness depends on a variety of factors. However, given that blockchain adoption in SCR is still in its infancy, there is a lack of empirical research to reveal the critical success factors maximizing its efficacy. This study aims to apply an organizational information processing theory (OIPT) perspective to explore how transformational supply chain leadership (TSCL) can facilitate the deployment and connection of blockchain technology to meet the imperatives of enhancing SCR. Design/methodology/approach This study used a two-wave survey method to gather data from 317 Chinese manufacturers to empirically examine the hypothesized relationships. Findings The findings suggest that the adoption of blockchain technology enhances both the proactive and reactive dimensions of SCR, and these effects can be realized through the mediating role of TSCL. Furthermore, the positive effect of blockchain technology on TSCL is strengthened in the context of dysfunctional competition. Practical implications These findings suggest that companies can only enhance the benefits of disruptive technologies, such as blockchain, by fully integrating them into the operational and supply chain processes. Originality/value This research offers novel insights into the specific processes of how blockchain technology can be used to enhance SCR. It also deepens our comprehension of how digital technology can be optimally harnessed within the framework of OIPT, thus providing a contribution to the literature on emerging technologies and SCR.
Jennifer Davies, Hossein Sharifi, Andrew C. Lyons, Rick Forster · 5 authors
Non-fungible tokens (NFTs), unique digital assets on a blockchain that can represent ownership of digital or physical items, are potentially ground-breaking in their capacity for transforming the sustainability of supply chains. This paper explores and discusses how NFTs, analysed through the lens of the Technology Organisation Environment (TOE) framework, can drive supply chain sustainability and overcome the barriers to Blockchain Technology (BCT) adoption. We elucidate the unique value proposition of NFTs and explore the potential of âphygital productsâ for linking digital NFTs to physical goods. Based on the existing literature and a review of real-world case studies, we propose that NFTs can (1) incentivise supply chain stakeholders to engage in more sustainable practices; (2) enhance customer willingness to pay for sustainable products; (3) provide anti-counterfeit measures; (4) support circular business model growth. A sustainable 'Mint-to-Order' production strategy starting with the creation (minting) of an NFT is proposed based on a synthesis of the findings. The use of NFTs has significant implications for both digital and physical product offerings and sustainable supply chain management (SSCM) practice making a compelling case for adoption. This paper is one of the first to explore the potential of using NFTs to drive sustainability in supply chains forming an essential component of a metaverse nexus and delineating a future research agenda.
As global supply chains become increasingly complex, traditional systems face challenges in ensuring efficiency, transparency, and innovation. Block chain technology has emerged as a transformative force in addressing these issues, offering a decentralized and secure framework for supply chain management. This paper presents a comprehensive review of the impact of block chain on supply chains, focusing on its potential to enhance efficiency, transparency, and foster innovation. The efficiency gains facilitated by block chain in supply chain management are examined through the elimination of intermediaries, reduction of paperwork, and real-time visibility into the entire process. These improvements result in streamlined operations, reduced costs, and enhanced responsiveness to market dynamics. Moreover, block chainâs decentralized nature ensures data integrity, mitigating the risk of fraud and errors in the supply chain. Transparency is a critical aspect of modern supply chains, and block chain provides an immutable and transparent ledger that enables end-to-end visibility. The technology ensures traceability and accountability, allowing stakeholders to access real-time information about the origin, movement, and status of products. This transparency not only enhances trust among supply chain participants but also facilitates compliance with regulatory requirements. The role of block chain in fostering innovation within supply chains is explored, emphasizing its potential to enable new business models, collaborative ecosystems, and the integration of emerging technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI). The paper highlights case studies and pilot projects where block chain has been successfully applied to drive innovation in supply chain processes. Challenges and considerations related to the implementation of block chain in supply chain management are also discussed, including interoperability, scalability, and regulatory issues. The paper concludes by outlining future research directions and emphasizing the need for industry-wide collaboration to unlock the full potential of block chain in revolutionizing supply chain management. Overall, this review contributes to the understanding of how block chain can serve as a catalyst for efficiency, transparency, and innovation in contemporary supply chains
This paper aims to explore how does the introduction of blockchain technologies impact trust in existing supply chain relationships. To do so, we conducted a multiple case study through the lens of agency theory. Three Swiss companies which are carrying out blockchain projects for their supply chain have been analyzed in semi-structured interviews and document analysis. Two significant findings of the impact on principal-agent relationships are stressed. Firstly, blockchain technologies can reduce the asymmetry of information, increase the control of agents, and consequently minimize the trust in the principal towards the agents. Secondly and paradoxically, the control mechanisms inherent in these technologies can decrease the agent's trust in the principal. Thus, questioning trust is necessary, both as an antecedent and an unexpected consequence when adopting blockchain technologies. Finally, we provide guidelines for initiating the adoption of blockchain technologies in supply chains.
Abdullah Kaid AlâSwidi, Mohammed A. AlâHakimi, Hussam Al Halbusi, Jaithen Abdullah Al Harbi · 5 authors
This study aims to empirically investigate the effect of blockchain technology (BCT) adoption on supply chain resilience (SCR), with the mediating role of supply chain integration (SCI) and the crucial effect of environmental dynamism (ED) as a moderator. Based on data collected from firms operating in the automotive industry in India, the proposed model was tested using Partial Least Squares Structural Equations Modelling (PLS-SEM) via SmartPLS software. The empirical results showed a positive effect of BCT on SCI, which in turn affects SCR. Importantly, SCI acts as a full mediator in the BCT-SCR relationship, which is moderated by ED, that is, the effect of BCT on SCR via SCI is strong when ED is high. This study offers the groundwork for operationalizing BCT in a supply chain context. It also contributes to SCR research by investigating how SCI mediates the effect of BCT on SCR. In addition, this study found a moderating effect of ED on the relationship between BCT and SCI. These results provide insights to auto manufacturers on ways to enhance SCR and ensure safe supply chain operations.
Supply chain (SC) conditions are becoming more challenging, and its systems are gaining more complexities over time. However, managing a complex SC depends on multiple variables related to the SC and its environment. In addition, digital technologies have shown potential to reshape the present understanding of SC management. In this regard, blockchain technology (BT) can help business models by enhancing transparency, improving traceability, reducing costs, minimizing risks, and bringing resiliency to the SC processes. This paper follows the Dynamic Capabilities View (DCV) theory as a theoretical lens to investigate the capabilities of the BT and its impact on supply chain resilience (SCR). The paper uses a PLS-SEM method for analyzing the collected data and drawing evidence from the manufacturing and assembling industries to demonstrate the technological benefits and potential of BT, as well as its capacity to drive SCR and enhance efficiency in business models. The findings of the paper show that the sensing, seizing, and transforming capabilities of the BT have a substantial effect on SCR (R2 adjusted= 0.701). The obtained results from this study highlight the potential of adopting BT to help policymakers in their query to build SCR.
Claudia DurĂĄn, Christian FernĂĄndezâCampusano, RaĂșl Carrasco, Eduardo Carrillo
The technological shifts driven by Industry 4.0 and the impact of the COVID-19 pandemic has ushered new challenges for seaports, necessitating a transformation in their information and communications systems to enhance global competitiveness. As the United Nations (UN) International Maritime Organization mandates the adoption of a Maritime Single Window in short time, seaports are compelled to adapt their operations. Addressing these challenges, this research introduces the Dependable Machine Learning for seaports using Blockchain (DMLBC) method, offering a secure technological system that integrates transactional data among various logistics stakeholders. DMLBC enhances efficiency in document control, traceability, loading processes, and collaborative workflows. The method employs a architecture grounded in Blockchain (BC) and harnesses Machine Learning Techniques. In a practical application, DMLBC is implemented in a real case study, demonstrating its efficacy for decision making of port operations. The research discusses the contributions that the DMLBC method has compared to what exists in the bibliographic review and in other port industries worldwide. Describes future exploration directions and It emphasizes the potential for generating additional predictions by incorporating others Key Performance Indicators (KPI)s, integrating DMLBC with Decision Support System (DSS), and delving into the realm of Post-Quantum Cryptography (PQC) to fortify the security of seaport operations in the evolving technological landscape.
This study uses JD.com as a case study to explore blockchain technologyâs application in supply chain management. By leveraging distributed ledgers, consensus mechanisms, smart contracts, and cryptographic techniques, blockchain effectively tackles problems related to privacy protection, information traceability, and authenticity within traditional supply chains. This paper examines JDâs blockchain framework and its impact on various supply chain functions, revealing that blockchain technology has markedly improved procurement efficiency, reduced costs, enhanced customer trust and sales revenue, optimized logistics operations, and streamlined management processes. Through its JD Chain platform, JD.com has boosted operational performance and economic value and offered valuable insights for smaller enterprises. Given the technical and financial constraints faced by smaller firms, it is recommended that they engage in open source blockchain communities hosted by larger organizations to lower information acquisition costs and share resources. This paper provides practical advice for enterprises considering the integration of blockchain technology into their supply chain management.
The integration of global supply chains allows for exchanging innovative ideas, knowledge, crafts, and technology across borders. However, it also poses a significant risk of experiencing irregular disruptions. To address these concerns, resilient systems require innovative technology-based solutions, such as blockchain. This comprehensive study involved conducting a systematic literature review and utilizing qualitative input-based DEMATEL methodology to identify the key enablers and barriers for blockchain-enabled resilient supply chains. A total of 11 enablers and 12 barriers were identified. A panel of 15 experts from various backgrounds was utilized to provide the input through the online instrument. Based on the results, transparency followed by trust and collaboration as the top three crucial enablers, and lack of acceptance in the industry, complexity, and lack of standardization as the top three crucial barriers for blockchain-enabled resilient supply chain. The study also identified shared databases, smart contracts and real-time information as key causal enablers and lack of standardization, complexity, and government support as key causal barriers for blockchain enabled resilient supply chain. This study further suggests practitioners and policymakers to prioritize promoting the adoption of BT to ensure the resilience of supply chains by launching awareness programs, conducting world-class training of employees, and implementing blockchain favoring policies. The study further provides a critical insight suggesting that the pillars that promote blockchain adoption inherently favor the resilience strategies/pillars (visibility, collaboration, traceability, risk management, security and real-time data sharing) and hence, indicates that adoption of BT would implicitly enhance resilience. The study concludes with limitations, future research directions and conclusion.
Thong Li Yi, Ricky Chia Chee Jiun, Mohd Fahmi Ghazali
Among all the cryptocurrencies in the market, Bitcoin is the most widely discussed and most popular cryptocurrency in the cryptocurrency market. This study aims to review and summarize the existing literature findings pertaining to the impact of geopolitical risk and economic policy uncertainty on Bitcoin. The results shown geopolitical risk and economic policy uncertainty have predictive power on Bitcoin prices. Both economic policy uncertainty and geopolitical risk have positive and negative effects on Bitcoin. The geopolitical risk and economic policy uncertainty able serve as a hedging instrument against Bitcoin. Bitcoin also can act as a safe haven against geopolitical risk and economic policy uncertainty. A summary of further implication from previous study suggested utilizing other uncertainty measures, applying other cryptocurrency, exploring Bitcoinâs relationship with other financial assets, and employing alternative methodologies.
Patrick Dudczyk, Julie K. Dunston, Garth V. Crosby
Supply chain management depends on a complex, interconnected network of suppliers, manufacturers, transportation companies, distributors and customers with the goal of predicting, monitoring and controlling operations and processes. Globalization has introduced fierce competition, forcing supply chains to innovate and enhance their performance and capabilities. Centralized management systems are prone to attacks, disruptions and malfunctions. A potential solution to these known issues is the adoption of blockchain technology. The blockchain offers an immutable ledger that allows for a trustless, decentralized system without reliance on third parties. It can provide new features, improve performance, advance network visibility and strengthen the four flows of a supply chain. To survive and compete on the global stage, supply chains must adopt emergent technologies to develop new business strategies. In this paper, a comprehensive survey of academic literature and research works relating to blockchain platforms for global supply chain management is presented. This survey will provide an overview of blockchain technology for supply chain management, summarize industry applications, highlight persistent challenges, and identify research opportunities to enhance the current state of research in the past six years. The contribution of this survey is to also provide a list of available blockchain solutions for global supply chain management and to elaborate on future advancements in the field. New solutions will be proposed and explained.
Blockchain is an emerging technology penetrating various real-time and sensitive domains including financial products. Block chain can deal with complex system of financial transactions with focus to provide security and integrity to both the parties with reliable flow of transactions and asset securitization. Block chain is a distributed technology providing a lot of benefits such as cryptic transactions, smart contracts, distributed ledger system along with decentralization, authentication, authorization, and immutability to enhance the efficiency of the financial system. In this paper, the existing solutions for asset-backed securitization in blockchain are analysed and reviewed to highlight the requirements for change in design and ideas for enterprise applicability of blockchain for asset securitization. Also, the benefits of blockchain to reduce the risk.
In view of the problems existing in traditional supply chain finance, such as narrow scope of credit objects, limited information integration and difficult transaction supervision, the application framework of blockchain technology supply chain finance is established by using the characteristics of blockchain, such as openness, decentralization, traceability and smart contract. The comprehensive fuzzy evaluation method will be used to provide blockchain solutions and optimize the current supply chain financial risks from the perspective of blockchain and in combination with supply chain financial risks, establish a supply chain financial risk evaluation index system suitable for blockchain, and put forward a more accurate fuzzy prediction model, which puts forward a new direction for the research of supply chain financial risks. This demonstrates the practicality of blockchain technology in supply chain finance, offering countermeasures to enhance overall efficiency for all participants.