Factors influencing blockchain adoption in supply chain management practices: A study based on the oil industry

Aslam, Javed A.; Saleem, Aqeela; Khan, Nokhaiz Tariq; Kim, Yun Bae

doi:10.1016/j.jik.2021.01.002

Cited by 179 publications

(115 citation statements)

References 70 publications

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“…Especially in cases of outsourcing, such as 3 PL, companies have to earn trust based on trust. This finding of our study confirms similar results in the literature [15,33,34,[58][59][60]. Firms have to build trust to increase collaboration and integration.…”

Section: Discussion: Blockchain Technology and Supply Chain Integration In Terms Of Supply Chain Dynamicssupporting

confidence: 92%

“…The first finding of the research was that blockchain technology would increase supply chain transparency. This finding coincides with the findings in the literature [15,[33][34][35]. Transparency is one of the most critical problems in supply chains in effective and robust cooperation and integration.…”

Section: Discussion: Blockchain Technology and Supply Chain Integration In Terms Of Supply Chain Dynamicssupporting

confidence: 91%

“…Many stakeholders have high hopes for blockchain due to its new features such as real-time information sharing, security, accountability, immutability, and transparency [33]. With its proof-of-work and distributed database structure, blockchain technology allows transparency to be improved.…”

Section: Blockchain Technology and Supply Chain Transparencymentioning

confidence: 99%

“…Blockchain provides transparency in transactions between trading partners, thereby instilling and increasing trust [35]. Blockchain accelerates product and transaction transparency by developing an effective tool for strategic planning and better relationships between suppliers, customers, outsourcing, 3PL, and subcontractors [33]. It can change the supply chain into being more efficient and transparent [15].…”

Section: Blockchain Technology and Supply Chain Transparencymentioning

confidence: 99%

“…The incorporation of blockchain technology enables monitoring of individual suppliers' compliance status while assuring security for sensitive documents [59]. Reliability in supply chain functions and practices such as close relationships with suppliers and customers, outsourcing, and just-in-time procurement, can be improved with Blockchain [33]. Three levels of security are incorporated into the blockchain system.…”

Section: Blockchain Technology and Trust In The Supply Chainmentioning

confidence: 99%

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An Integrated Impact of Blockchain on Supply Chain Applications

Meidutė‐Kavaliauskienė

Yıldız

Çiğdem

et al. 2021

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Market conditions have become increasingly dynamic and demanding, resulting in a challenging competitive environment. To adapt to this dynamic environment, supply chains have become increasingly reliant on collaboration, integration, flexibility, and trust between stakeholders. Therefore, the importance of new technological applications in supply chains has grown even more. To improve supply chain flow control, modern specialized applications must be implemented. Blockchain technology has established itself as a necessary component of today’s competitive environment. Companies should invest in blockchain technology to respond quickly to changing market conditions and demands in today’s dynamic business environment. In this regard, this study investigates the effect of blockchain technology utilization on supply chain transparency, supply chain flexibility, and trust in suppliers. For this purpose, first, data were collected from the first 1000 exporting firms declared in 2019 by the Turkey Exporters Assembly using a survey method. Secondly, factor analyses and regression analyses were performed with the dataset obtained from 84 companies. As a result of the analysis, it was determined that blockchain technology utilization increases transparency, flexibility, and trust in supply chains. According to these results, it is suggested that companies should invest in blockchain technology to make their supply chain more transparent, flexible, and secure. Moreover, blockchain plays a crucial role in building mutual trust with supply chain stakeholders. Finally, the research includes some considerations on the positive implications and potential of blockchain in collaboration and integration.

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