Improving operational efficiency through blockchain: evidence from a field experiment in cross-border trade

Tian, Xin; Zhu, Jiayi; Zhao, Xuan; Wu, Jerry J.

doi:10.1080/09537287.2022.2058412

Cited by 28 publications

(11 citation statements)

References 56 publications

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“…In addition to that, firms ensured that halal religious requirements were met using a smart contract and sensors or RFID tags. Tian et al ( 2022 ) conducted field experiments and found that BT solved issues related to operational efficiency by utilising features of immutability and traceability. Treiblmaier and Garaus ( 2022 ) conducted two experiments in food SC and identified that BT’s traceability helped to establish product quality in consumers perception and lead to a purchase intention.…”

Section: Resultsmentioning

confidence: 99%

Blockchain technology in supply chain management: an organizational theoretic overview and research agenda

2022

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Blockchain technology is touted as a game-changer. Many experts consider blockchain technology as one of the disruptive innovations. Following significant success in the banking and finance sector, blockchain technology has found significant success in all fields, including health, manufacturing, transportation, disaster relief operations, and many others. Recently, the academician has contributed significantly towards understanding blockchain technology and its application in the management field. To understand how the literature on blockchain technology in the supply chain has progressed, we undertook an extensive review of the literature published in peer-reviewed journals using databases such as SCOPUS. We have further classified our literature into four stages (pre-adoption, adoption, implementation, and application). Finally, we synthesized the findings of the study and proposed a research framework to explain how an organization can build supply chain resilience and enhance supply chain performance with the help of blockchain technology. Finally, we have noted the limitations of the study and future research directions.

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Section: Resultsmentioning

confidence: 99%

Blockchain technology in supply chain management: an organizational theoretic overview and research agenda

2022

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“…The viability of BT for industrial application is amply corroborated by analytical models and field experiments (e.g. Tian et al, 2022;Ji et al, 2022;Casino et al, 2021;Yoon et al, 2020;Chod et al, 2020) as well as by case study research (e.g. Ahmed et al, 2022;Markus and Buijs, 2022;Nandi et al, 2020).…”

Section: Tce and Bt Performance Implicationsmentioning

confidence: 94%

“…Visibility is related to good tracking and process monitoring (Lumineau et al, Blockchain performance and contingencies 2021). Aggregation is made possible thanks to BT acting as an interoperability layer (Tian et al, 2022). Validation concerns the authentication mechanisms that make the ledger tamper-proof and a single source of truth among network participants (Fosso Wamba et al, 2020a;Cole et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Blockchain adoption and operational performance: A secondary data analysis on effects and contingencies

Culot,

Podrecca,

Nassimbeni

2024

IJOPM

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PurposeThis study analyzes the performance implications of adopting blockchain to support supply chain business processes. The technology holds as many promises as implementation challenges, so interest in its impact on operational performance has grown steadily over the last few years.Design/methodology/approachDrawing on transaction cost economics and the contingency theory, we built a set of hypotheses. These were tested through a long-term event study and an ordinary least squares regression involving 130 adopters listed in North America.FindingsCompared with the control sample, adopters displayed significant abnormal performance in terms of labor productivity, operating cycle and profitability, whereas sales appeared unaffected. Firms in regulated settings and closer to the end customer showed more positive effects. Neither industry-level competition nor the early involvement of a project partner emerged as relevant contextual factors.Originality/valueThis research presents the first extensive analysis of operational performance based on objective measures. In contrast to previous studies and theoretical predictions, the results indicate that blockchain adoption is not associated with sales improvement. This can be explained considering that secure data storage and sharing do not guarantee the factual credibility of recorded data, which needs to be proved to customers in alternative ways. Conversely, improvements in other operational performance dimensions confirm that blockchain can support inter-organizational transactions more efficiently. The results are relevant in times when, following hype, there are signs of disengagement with the technology.

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“…Blockchain technology, which operates on code rather than personal information, is crucial in financial systems and applications for secure, transparent, efficient, and cost-effective transactions. Ensuring the security and accuracy of transactional information in cross-border trading companies is a significant challenge due to the numerous business nodes involved in the business process [71]. The problem of addressing security levels in single blockchains is challenging but could potentially address existing issues, requiring further investigation and efficient solutions for widespread cryptocurrency adoption [66].…”

Section: Securitymentioning

confidence: 99%

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

Norbu,

Park,

Wong

et al. 2024

Future Internet

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Blockchain technology has become significant for financial sectors, especially digital payment systems, offering enhanced security, transparency, and efficiency. However, there is limited research on the factors influencing user trust in and acceptance of blockchain adoption in digital payment systems. This systematic review provides insight into the key factors impacting consumers’ perceptions and behaviours towards embracing blockchain technology. A total of 1859 studies were collected, with 48 meeting the criteria for comprehensive analysis. The results showed that security, privacy, transparency, and regulation are the most significant factors influencing trust for blockchain adoption. The most influential factors identified in the Unified Theory of Acceptance and Use of Technology (UTAUT) model include performance expectancy, effort expectancy, social influence, and facilitating conditions. Incorporating a trust and acceptance model could be a viable approach to tackling obstacles and ensuring the successful integration of blockchain technology into digital payment systems. Understanding these factors is crucial for creating a favourable atmosphere for adopting blockchain technology in digital payments. User-perspective research on blockchain adoption in digital payment systems is still insufficient, and this aspect still requires further investigation. Blockchain adoption in digital payment systems has not been sufficiently conducted from the user’s perspective, and there is a scope for it to be carried out. This review aims to shed light on the factors of trust in and acceptance of blockchain adoption in digital payment systems so that the full potential of blockchain technology can be realised. Understanding these factors and their intricate connections is imperative in fostering a conducive environment for the widespread acceptance of blockchain technology in digital payments.

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Improving operational efficiency through blockchain: evidence from a field experiment in cross-border trade

Cited by 28 publications

References 56 publications

Blockchain technology in supply chain management: an organizational theoretic overview and research agenda

Blockchain technology in supply chain management: an organizational theoretic overview and research agenda

Blockchain adoption and operational performance: A secondary data analysis on effects and contingencies

Factors Affecting Trust and Acceptance for Blockchain Adoption in Digital Payment Systems: A Systematic Review

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