Blockchain-Based Model to Improve the Performance of the Next-Generation Digital Supply Chain

Rana, Sumit Kumar; Kim, Hee Cheol; Pani, Subhendu Kumar; Rana, Sanjeev; Joo, Moon-Il; Rana, Arun Kumar; Aich, Satyabrata

doi:10.3390/su131810008

Cited by 53 publications

(21 citation statements)

References 37 publications

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“…Additionally, NT suggests that firms should consider the structure and dynamics of the blockchain ecosystem and should seek to leverage the network effects of blockchain to drive innovation and enhance trust and cooperation among stakeholders. Lastly, transaction-cost theory (TCA) can help firms in the oil and gas SC to determine the optimal governance structure for the blockchain ecosystem (Rana et al ., 2021). Perhaps, TCA suggests that firms should consider the costs associated with implementing and using blockchain technology and should weigh these costs against the potential benefits of increased efficiency, transparency and security.…”

Section: Literature Reviewmentioning

confidence: 99%

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Aslam

Saleem

Kim

2023

BPMJ

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PurposeThis study aims to proposed that blockchain helps the organization improve supply chain (SC) performance by improving integration, agility and security through real-time information sharing, end-to-end visibility, transparency, data management, immutability, irrevocable information and cyber-security platforms.Design/methodology/approachThis study has made an initial effort toward proposing a framework that shows the problems and challenges for the O&G SC under its segments (upstream, midstream and downstream) and provides the interlink among blockchain properties for SCM problems. SC managers were selected for survey questionnaires from the Pakistan O&G industries.FindingsThis study analyzes the impact of blockchain-enabled SC on firm performance with an understanding of the SC robustness capabilities as a mediator. The result revealed that the SC manager believes that the blockchain-enabled SC has a positive and significant on firm performance and robustness capabilities.Research limitations/implicationsBlockchain technology is reflected as high-tech to support the firm process, responses and methods. The technology helps eliminate bottlenecks, avoid uncertainties and improve decision-making, leading to improved SC functions. This study guides managers about the potential problems of existing SC and how blockchain solves SC problems more effectively.Originality/valueThe oil and gas (O&G) sectors are neglected by researchers, and there are limited studies on O&G supply chain management (SCM). Additionally, no empirical evidence suggests implementing blockchain for O&G as a solution for potential problems. Furthermore, present the roadmap to other industries those having complex SC networks for the implication of blockchain to improve the SC performance.

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Section: Literature Reviewmentioning

confidence: 99%

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Aslam

Saleem

Kim

2023

BPMJ

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“…The supply chain cycle is prolonged due to the gaps and increases the cost as the risk in every supply chain link (Erik and Kotzab, 2010). One of the most significant issues in the traditional supply chain is the lack of trust and open availability of information across the chain, which causes several issues, including supply chain traceability, transparency and supplier trust (Rana et al, 2021). Researchers revealed the benefits of blockchain in this regard for firms, but companies need to overcome the barriers (Wong et al, 2020).…”

Section: Problem Statementmentioning

confidence: 99%

A paradigm of blockchain and supply chain performance: a mediated model using structural equation modeling

Rashid

Ali

Rasheed³

et al. 2022

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PurposeThis paper aims to find the impact of blockchain supply chain on supply chain performance with a mediating role of supplier trust, traceability and transparency.Design/methodology/approachData was collected using the purposive sampling technique on a five-point Likert scale from 150 respondents. For data analysis, IBM SPSS and Smart PLS 3.3.7 were used to test the hypotheses by evaluating the structural equation modeling.FindingsThe blockchain supply chain found a significant effect on supply chain performance. Moreover, there is a substantial effect of the blockchain supply chain on supply chain performance via mediators, including supplier trust, supply chain traceability and supply chain transparency. Further, the mediation type of all mediators was full mediation in the relationships between blockchain supply chain and supply chain performance.Research limitations/implicationsThe research findings are helpful for industrialists, supply chain practitioners and policymakers. The practitioners can adopt blockchain technology to enhance inter-organizational collaboration, develop trust, data visibility and traceability, and critical decisions, ultimately bringing sustainable growth for the firm.Originality/valueThe outcomes of this research enrich the literature and share the impact of one of the most trending technologies in the supply chain perspective. Future research can empirically test the relationship between blockchain and supply chain sustainability.

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“…The issue of using digital technologies in supply chain management is considered by P. Berttram [44], F. Kache [42], W. Kersten [45], K. Kettunen [46], A. Kwilinski [47], J. Marmolejo-Saucedo [48], E. Ndzibah [46], S. Rana [49], A. Shamsuzzoha [46], S. Schrauf [50], Yu. Zaloznova [51; 52; 53] et al…”

Section: марія григорак наталія трушкіна катерина кітріш "організацій...mentioning

confidence: 99%

Organizational and economic mechanism of strategic management of sustainability of supply chains of industrial enterprises

Hryhorak¹,

Трушкіна²,

Kitrish³

2022

Intellectualization of logistics and SCM

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The article deepens the theoretical and methodological foundations of the organization of strategic management of industrial enterprises` supply chains sustainability. The evolution of the concept of supply chain management is considered from the standpoint of the institutional theory, as well as the influencing of various factors on its development and integration with the concept of sustainable development is determined. The conceptual and categorical apparatus for researching supply chain sustainability management from the standpoint of network theory and stakeholder theory has been developed. On the example of a metallurgical enterprise, a system of indicators of sustainable development is proposed and strategic guidelines for three scenarios of sustainable development of an enterprise are determined. These three scenarios take into account the conditions for future development, which are defined as pessimistic, optimistic and such as to ensure balanced sustainable development. Calculations of strategic scenarios for sustainable development were based on the determination of threshold values of indicators for three components: economic (including the quality of corporate governance), environmental and social. Strategic benchmarks have been developed for each of the scenarios. In the course of the study, it was found that it is inappropriate to calculate the integral sustainability index for the entire supply chain as a whole. Such a calculation has no informative value and is technically practically impossible due to the incomparability of indicators of different business units included in the supply chain. A conclusion is drawn from this that the sustainability of each individual business unit in the chain should be assessed separately. An organizational and economic mechanism for managing the sustainability of the supply chain in a hybrid form is proposed, which provides for a combination of decentralized development of sustainable development strategies by individual enterprises and organizations within the supply chain and centralized coordination and monitoring of the implementation of strategies by a focal company based on a digital platform. The concept of this mechanism is based on a network approach and provides for the organization of collaboration of participants in the supply chain with the involvement of a wide range of stakeholders. The directions in which various digital technologies can be applied in managing the sustainability of the supply chain are considered, among which blockchain technology is recognized as the most suitable for use at the moment.

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Blockchain-Based Model to Improve the Performance of the Next-Generation Digital Supply Chain

Cited by 53 publications

References 37 publications

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

A paradigm of blockchain and supply chain performance: a mediated model using structural equation modeling

Organizational and economic mechanism of strategic management of sustainability of supply chains of industrial enterprises

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