A supply chain transparency and sustainability technology appraisal model for blockchain technology

By Chunguang Bai, Joseph Sarkis. International Journal of Production Research, 2019

561 citations recorded by the source corpus.

Blockchain technology is a technology that can effectively support supply chain transparency. An important initial managerial activity is for organisations in supply chains to evaluate and select the most suitable blockchain technology. However, uncertainty and emphasis on sustainable transparency has made this appraisal more complex. This paper: (1) introduces blockchain technology performance measures incorporating various sustainable supply chain transparency and technical attributes; and (2) introduces a new hybrid group decision method, integrated hesitant fuzzy set and regret theory, for blockchain technology evaluation and selection. This method emphasises decision maker psychological characteristics and variation in decision maker opinions. An illustrative application and sensitivity analysis is introduced to aid supply chain managers and researchers understand the blockchain technology selection decision. Methodological and managerial implications associated with the decision tool and application are introduced. This research sets the foundation for significant future research in blockchain technologies evaluation in a supply chain environment.

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

View Paper: https://www.semanticscholar.org/paper/fc48bdf9884eb05561063d7000b171eea062a8e3

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Citations in the corpus

A literature review of blockchain technology applications in supply chains: A comprehensive analysis of themes, methodologies and industries (2021, unknown): “Blockchain technology makes intermediaries unnecessary and allows for data sharing, making it suitable for large and complex supply chain networks, such as those used for international trade, in which a large number of stakeholders are involved (Bai & Sarkis, 2020; Cole et al., 2019).”
When Blockchain Meets Supply Chain: A Systematic Literature Review on Current Development and Potential Applications (2020, background): “Blockchain-based business models in the supply chain ecosystem have been less discussed in the extant literature [132], while the need for holistic evaluation from supply chain practitioners remains strong.”
Blockchain adoption in operations and supply chain management: empirical evidence from an emerging economy (2020, background): “Also, BCT can leverage transparency in products traceability and services (Bai and Sarkis 2020).”
COVID-19 pandemic digitization lessons for sustainable development of micro-and small- enterprises (2021, background): “Blockchain and synergistic digitization tools can help MSEs connect with suppliers and customers to ensure resilient and sustainable supply chain activities ( Bai and Sarkis, 2020 ).”