International Journal of Production Research· 2018Q1
Blockchain technology and its relationships to sustainable supply chain management
- 3,837citations
- Q1SCImago
- 2018year
Short summary
Blockchain technology, offering transparency and security, shows promise for improving global supply chain management and sustainability, despite facing adoption barriers.
AI-generated from the title and abstract; the full text is not read.
Key points
- Blockchain offers transparency, traceability, and security benefits for supply chains.
- Sustainability goals are a key driver for exploring blockchain in supply chain management.
- Four categories of barriers to blockchain adoption are identified: inter-organizational, intra-organizational, technical, and external.
- Blockchain's transformative potential in business and supply chains is currently in its early stages.
AI-generated from the title and abstract; the full text is not read.
Abstract
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.
The authors' abstract, as published at the source. International Journal of Production Research, 2018 · DOI ↗
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Field: Information Systems
Information SystemsComputer Science