Blockchain in global supply chains and cross border trade: a critical synthesis of the state-of-the-art, challenges and opportunities

By Yanling Chang, Eleftherios Iakovou, Weidong Larry Shi. International Journal of Production Research, 2019

560 citations recorded by the source corpus.

Blockchain possesses the potential of transforming global supply chain management. Gartner predicts that blockchain could be able to track $2 T of goods and services in their movement across the globe by 2023, and blockchain will be a more than $3 trillion business by 2030. Nowadays, a growing number of blockchain initiatives are disrupting traditional business models in each sector. In this paper, we provide a timely and holistic overview of the state-of-the-art, challenges, gaps and opportunities in global supply chain and trade operations for both the private sector and governmental agencies, by synthesising a wide range of resources from business leaders, global international organisations, leading supply chain consulting firms, research articles, trade magazines and conferences. We then identify collaborative schema and future research directions for industry, government, and academia to jointly work together in ensuring that the full potential of blockchain is unleashed amidst the socioeconomic, geopolitical and technological disruptions that global supply chains and trade are facing.

Subfields: Information Systems, Management Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/46c37665e82750ccaebb73b1e2ebd44777e20b16

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Citations in the corpus

Unearthing the determinants of Blockchain adoption in supply chain management (2020, background): “Particularly, BC had been considered as the backbone of digitisation of supply chains due to BC’s ability to facilitate and automate various business transaction processes for more direct relationships between participants (Chang, Iakovou, and Shi 2019).”
Blockchain adoption in operations and supply chain management: empirical evidence from an emerging economy (2020, background): “…and Sarkis 2020; Pournader et al. 2020), multi-echelon SCs (Manupati et al. 2019), manufacturing (Aghamohammadzadeh and Fatahi Valilai 2020; Vatankhah Barenji et al. 2020), global trade (Chang, Iakovou, and Shi 2020), sustainable SCs (Saberi et al. 2019), humanitarian SCs (Dubey et al. 2020), etc.”
Blockchain technology in supply chain operations: Applications, challenges and research opportunities (2020, unknown): “2 Chang et al. (2019b) In this paper, authors present the overview of blockchain in global SC and trade operations through industry reports and scietific articles with its challenges, opportunities and future scope of research.”