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Matching supply chain management challenges with blockchain applications

Matching supply chain management challenges with blockchain applications This study aims to explore the potential of blockchain technology in the field of supply chain management (SCM). The research is motivated by the emerging significance of blockchain as a disruptive technology that can potentially address a range of challenges faced by SCM professionals globally.Design/methodology/approachIn our approach, this paper utilized a knock-out criteria approach to break down 150 identified challenges in SCM to a more manageable number of 12. The Analytic Hierarchy Process (AHP) was then used to prioritize these challenges in order of their relative importance and suitability for resolution through blockchain.FindingsThe analysis identified key challenges to be addressed by blockchain technology in SCM. Most notably, it highlighted concerns related to price stability and global financial flows, which closely intertwine. Another significant group of issues pertains to tracking, tracing and the demonstration of sustainability, thus suggesting a substantial potential for blockchain application in these areas. The fifth notable challenge revolves around establishing ownership rights over digital assets or software.Originality/valueThis study identified key challenges in SCM with significant potential for blockchain intervention including price stability, global financial flows, tracking, tracing and the establishment of digital asset ownership. Research gaps exist despite notable progress in applications such as inflation control and tracking – especially in areas like ownership rights and e-commerce. The findings indicate that blockchain has the potential to address SCM challenges and that further exploration and implementation are necessary. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Supply Chain Management: An International Journal Emerald Publishing

Matching supply chain management challenges with blockchain applications

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References (45)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1359-8546
eISSN
1758-6852
DOI
10.1108/scm-12-2023-0615
Publisher site
See Article on Publisher Site

Abstract

This study aims to explore the potential of blockchain technology in the field of supply chain management (SCM). The research is motivated by the emerging significance of blockchain as a disruptive technology that can potentially address a range of challenges faced by SCM professionals globally.Design/methodology/approachIn our approach, this paper utilized a knock-out criteria approach to break down 150 identified challenges in SCM to a more manageable number of 12. The Analytic Hierarchy Process (AHP) was then used to prioritize these challenges in order of their relative importance and suitability for resolution through blockchain.FindingsThe analysis identified key challenges to be addressed by blockchain technology in SCM. Most notably, it highlighted concerns related to price stability and global financial flows, which closely intertwine. Another significant group of issues pertains to tracking, tracing and the demonstration of sustainability, thus suggesting a substantial potential for blockchain application in these areas. The fifth notable challenge revolves around establishing ownership rights over digital assets or software.Originality/valueThis study identified key challenges in SCM with significant potential for blockchain intervention including price stability, global financial flows, tracking, tracing and the establishment of digital asset ownership. Research gaps exist despite notable progress in applications such as inflation control and tracking – especially in areas like ownership rights and e-commerce. The findings indicate that blockchain has the potential to address SCM challenges and that further exploration and implementation are necessary.

Journal

Supply Chain Management: An International Journal – Emerald Publishing

Published: Nov 19, 2024

Keywords: Decision making; Supply-chain management; Analytical hierarchy process; Logistics management; SCM practices; Global supply chain

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