Blockchain critical success factors for sustainable supply chain

By S. Yadav, Surya Prakash Singh. 2020

309 citations recorded by the source corpus.

Abstract Way back the development of Blockchain (BC) technology, Traditional supply chain (TSC) failed to meet the demand of customer of reasonable price with high quality. The current trend is the time to integrate and to make the existing system smarter, automated and sustainable. Researchers are working on the integration of information and communication technology with the supply chain (SC) and continuously endeavor to achieve an efficient SC. This paper is an attempt to study the use of BC technology and a try to develop efficient sustainable supply chain management (SSCM) rather than the inefficient design of supply chain management (SCM). Important variables related to BC are identified from the literature after going through discussion with academician and industry experts. These variables are further analyzed and modeled using Principal Component Analysis (PCA), Fuzzy-Decision making trial and evaluation laboratory (DEMATEL). PCA is applied to form the principal factor from these identified variables based on possible correlation. Although, the application of Fuzzy-DEMATEL is adopted to identify major causes that help to achieve sustainable supply chain (SSC) after integration of BC technology. The proposed integrated (incorporated) approach of PCA and Fuzzy-DEMATEL found six major causes namely Data safety and Decentralization, Accessibility, Laws and Policy, Documentation, Data management, and Quality. This study is revolving around the integrated approach of two streams namely BC-related Information technology and SC from Operations. This research represents the significant role of causes, which leads to the integration of BC with the SC resulting in achieving sustainability. BC technology is still in their nuance stage and this study will motivate researcher and industrial practitioners to achieve a more efficient and effective goal in SC practices to achieve sustainability.

Subfields: Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bce3e557e24247f99b42370c5c718b44a3107307

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Citations in the corpus

When Blockchain Meets Supply Chain: A Systematic Literature Review on Current Development and Potential Applications (2020, background): “The successful establishment of a blockchain-based operating environment requires coordination among the legacy databases of various parties [75], [112].”
How Green FinTech Can Alleviate the Impact of Climate Change—The Case of Switzerland (2020, unknown): “[59] Resources, Conservation and Recycling Blockchain critical success factors for sustainable supply chain Use of blockchain technology to develop efficient sustainable supply chain management.”
A literature review of blockchain technology applications in supply chains: A comprehensive analysis of themes, methodologies and industries (2021, unknown): “Five articles use multicriteria decision-making models to determine the successful factors of implementation (S. S. Kamble et al., 2020; Nayak & Dhaigude, 2019; Yadav & Singh, 2020), obstacles to implementation (Ozturk & Yildizbasi, 2020) and blockchain selection and evaluation (Bai & Sarkis, 2020).”
Blockchain technology for enhancing swift-trust, collaboration and resilience within a humanitarian supply chain setting (2020, background): “In fact, many organisations, like Maersk (Lal and Scott 2018) and Walmart in cooperation with IBM (Yadav and Singh 2020), have implemented BT in their organisations.”
Evaluating the factors that influence blockchain adoption in the freight logistics industry (2020, background): “…the adoption of blockchain in the freight logistics industry as against previous studies that focused on blockchain adoption from broader supply chains and sustainable supply chains (Azzi et al, 2019; Helo and Hao, 2019; Kamble et al, 2019; Saberi et al., 2019; Yadav and Singh, 2020).”