The promise of blockchain: Analyzing potentials and barriers in supply chain management (SCM)

Authors

  • Sinniati Sinniati Universitas Pendidikan Nasional
  • Gede Sri Darma Universitas Pendidikan Nasional

DOI:

https://doi.org/10.26740/bisma.v16n1.p85-114

Keywords:

Blockchain, Supply Chain, Supply Chain Management, SLR

Abstract

This study explored the potentials and barriers to the implementation of blockchain technology in supply chain management (SCM). The purpose of the research was to determine the potential of implementing blockchain technology to enhance SCM performance, identify the challenges faced in implementing blockchain in SCM, and understand the constraints and obstacles that needed to be overcome for successful implementation. The research method applied was a Systematic Literature Review (SLR) using the PRISMA Protocol, with 73 papers collected from 2018 to June 2023. This study stands out for its use of recent data and its pioneering approach in combining Systematic Literature Review (SLR), the PICOC Framework, and meta-synthesis to explore this topic, setting it apart from previous research.

References

Abeyratne, S. A., & Monfared, R. P. (2016). Blockchain ready manufacturing supply chain using distributed ledger. International Journal of Research in Engineering and Technology, 05(09). https://www.researchgate.net/profile/Radmehr-Monfared/publication/308163874_Blockchain_Ready_Manufacturing_Supply_Chain_Using_Distributed_Ledger/links/57fe2dde08ae7275640133b0/Blockchain-Ready-Manufacturing-Supply-Chain-Using-Distributed-Ledger.pdf

Alkhudary, R., Brusset, X., & Fenies, P. (2020). Blockchain in general management and economics: a systematic literature review. Emerald Insight: European Business Review, 32(4), 765-783. https://doi.org/10.1108/ebr-11-2019-0297

Andoni, M., Robu, V., Flynn, D., Abram, S., Geach, D., Jenkins, D., McCallum, P., & Peacock, A. (2019). Blockchain technology in the energy sector: A systematic review of challenges and opportunities. Renewable and sustainable energy reviews, 100, 143-174.

Aslam, J., Saleem, A., Khan, N. T., & Kim, Y. B. (2021). Factors influencing blockchain adoption in supply chain management practices: A study based on the oil industry. Journal of Innovation & Knowledge, 6(2), 124-134. https://doi.org/10.1016/j.jik.2021.01.002

Aste, T., Tasca, P., & Di Matteo, T. (2017). Blockchain technologies: The foreseeable impact on society and industry. computer, 50(9), 18-28.

Balci, G., & Surucu-Balci, E. (2021). Blockchain adoption in the maritime supply chain: Examining barriers and salient stakeholders in containerized international trade. Elsevier: Transportation Research Part E, 156, 102539-102539. https://doi.org/10.1016/J.TRE.2021.102539

Belchior, R., Vasconcelos, A., Guerreiro, S., & Correia, M. (2021). A survey on blockchain interoperability: Past, present, and future trends. ACM Computing Surveys (CSUR), 54(8), 1-41.

Booth, A., Sutton, A., & Papaioannou, D. (2012). Systematic Approaches to a Successful Literature Review. SAGE Publications Ltd. https://www.researchgate.net/publication/235930866_Systematic_Approaches_to_a_Successful_Literature_Review

Brewer, P. C., & Speh, T. W. (2000). Using the balanced scorecard to measure supply chain performance Brewer, Peter CSpeh, Thomas W. Journal of Business Logistics, 21(1), 75-93.

Bryans, D. (2014). Bitcoin and money laundering: mining for an effective solution. Ind. LJ, 89, 441.

Caldarelli, G., Zardini, A., & Rossignoli, C. (2021). Blockchain adoption in the fashion sustainable supply chain: Pragmatically addressing barriers. Emerald Insight: Journal of Organizational Change Management, 34(2), 507-524. https://doi.org/10.1108/jocm-09-2020-0299

Centobelli, P., Cerchione, R., Del Vecchio, P., Oropallo, E., & Secundo, G. (2022). Blockchain technology for bridging trust, traceability and transparency in circular supply chain. Information & Management, 59(7), 103508.

Chavalala, M. M., Bag, S., Pretorius, J. H. C., & Rahman, M. S. (2022). A multi-method study on the barriers of the blockchain technology application in the cold supply chains. Journal of Enterprise Information Management(ahead-of-print).

Cole, R., Stevenson, M., & Aitken, J. (2019). Blockchain technology: implications for operations and supply chain management. Emerald Insight: Supply Chain Management - An International Journal, 24(4), 469-483. https://doi.org/10.1108/scm-09-2018-0309

Cooper, M. C., Lambert, D. M., & Pagh, J. D. (1997). Supply chain management: more than a new name for logistics. The International Journal of Logistics Management, 8(1), 1-14.

Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance. Journal of information systems, 31(3), 5-21.

Duan, J., Zhang, C., Gong, Y., Brown, S., & Li, Z. (2020). A Content-Analysis Based Literature Review in Blockchain Adoption within Food Supply Chain. Int J Environ Res Public Health, 17(5). https://doi.org/10.3390/ijerph17051784

Esmaeilian, B., Sarkis, J., Lewis, K., & Behdad, S. (2020). Blockchain for the future of sustainable supply chain management in Industry 4.0. Resources, Conservation and Recycling, 163. https://doi.org/10.1016/j.resconrec.2020.105064

Etemadi, N., Strozzi, F., Van Gelder, P., & Etemadi, T. (2021). An ISM modelling of success factors for blockchain adoption in a cyber secure supply Chain. 2021 The 4th International Conference on Computers in Management and Business,

Fanning, K., & Centers, D. P. (2016). Blockchain and its coming impact on financial services. Journal of Corporate Accounting & Finance, 27(5), 53-57.

Gattorna, J. (1998). Strategic supply chain alignment: best practice in supply chain management. Gower Publishing, Ltd.

Giudici, P. (2018). Fintech risk management: A research challenge for artificial intelligence in finance. Frontiers in Artificial Intelligence, 1, 1.

Gordon, W. J., & Catalini, C. (2018). Blockchain technology for healthcare: facilitating the transition to patient-driven interoperability. Computational and structural biotechnology journal, 16, 224-230.

Gray, C. (2002). Entrepreneurship, resistance to change and growth in small firms. Journal of small business and enterprise development, 9(1), 61-72.

Gurtu, A., & Johny, J. (2019). Potential of blockchain technology in supply chain management: a literature review. Emerald Insight: International Journal of Physical Distribution & Logistics Management, 49(9), 881-900. https://doi.org/10.1108/ijpdlm-11-2018-0371

Gururaj, H., Manoj Athreya, A., Kumar, A. A., Holla, A. M., Nagarajath, S., & Ravi Kumar, V. (2020). Blockchain: A new era of technology. Cryptocurrencies and blockchain technology applications, 1-24.

Hastig, G. M., & Sodhi, M. S. (2020). Blockchain for Supply Chain Traceability: Business Requirements and Critical Success Factors. Production and Operations Management, 29(4), 935-954. https://doi.org/10.1111/poms.13147

Howson, P. (2020). Building trust and equity in marine conservation and fisheries supply chain management with blockchain. Marine Policy, 115, 103873.

Kamilaris, A., Fonts, A., & Prenafeta-Boldύ, F. X. (2019a). The rise of blockchain technology in agriculture and food supply chains. Trends in Food Science & Technology, 91, 640-652. https://doi.org/10.1016/j.tifs.2019.07.034

Kamilaris, A., Fonts, A., & Prenafeta-Boldύ, F. X. (2019b). The rise of blockchain technology in agriculture and food supply chains. Elsevier: Trends in Food Science & Technology, 91, 640-652. https://doi.org/10.1016/j.tifs.2019.07.034

Kitchenham, B. (2004). Procedures for Performing Systematic Reviews. https://www.researchgate.net/publication/228756057

Kopyto, M., Lechler, S., von der Gracht, H. A., & Hartmann, E. (2020). Potentials of blockchain technology in supply chain management: Long-term judgments of an international expert panel. Technological Forecasting and Social Change, 161. https://doi.org/10.1016/j.techfore.2020.120330

Korpela, K., Hallikas, J., & Dahlberg, T. (2017). Digital Supply Chain Transformation toward Blockchain Integration.Proceedings of the 50th Hawaii International Conference on System Sciences

Kouhizadeh, M., Saberi, S., & Sarkis, J. (2021). Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers. Elsevier: International Journal of Production Economics, 231. https://doi.org/10.1016/j.ijpe.2020.107831

Lee, H. L., & Whang, S. (2000). Information sharing in a supply chain. International journal of manufacturing technology and management, 1(1), 79-93.

Li, K., Lee, J.-Y., & Gharehgozli, A. (2021). Blockchain in food supply chains: A literature review and synthesis analysis of platforms, benefits and challenges. International Journal of Production Research, 1-20.

Mahyuni, L. P., Adrian, R., Darma, G. S., Krisnawijaya, N. N. K., Dewi, I. G. A. A. P., Permana, G. P. L., & Foroudi, P. (2020). Mapping the potentials of blockchain in improving supply chain performance. Cogent Business & Management, 7(1). https://doi.org/10.1080/23311975.2020.1788329

Malik, S., Chadhar, M., Vatanasakdakul, S., & Chetty, M. (2021). Factors affecting the organizational adoption of blockchain technology: Extending the technology–organization–environment (TOE) framework in the Australian context. Sustainability, 13(16), 9404.

Mathivathanan, D., Mathiyazhagan, K., Rana, N. P., Khorana, S., & Dwivedi, Y. K. (2021). Barriers to the adoption of blockchain technology in business supply chains: a total interpretive structural modelling (TISM) approach. International Journal of Production Research, 59(11), 3338-3359.

Mentzer, J. T., DeWitt, W., Keebler, J. S., Min, S., Nix, N. W., Smith, C. D., & Zacharia, Z. G. (2001). Defining supply chain management. Journal of Business Logistics, 22(2), 1-25.

Miraz, M. H., & Ali, M. (2018). Applications of blockchain technology beyond cryptocurrency. arXiv preprint arXiv:1801.03528.

Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M., Shekelle, P., Stewart, L. A., & Group, P.-P. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement. Systematic Reviews, 4(1), 1. https://doi.org/10.1186/2046-4053-4-1

Mondol, E. P. (2021). The impact of block chain and smart inventory system on supply chain performance at retail industry. International Journal of Computations, Information and Manufacturing (IJCIM), 1(1).

Monrat, A. A., Schelen, O., & Andersson, K. (2019). A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities. IEEE Access, 7, 117134-117151. https://doi.org/10.1109/access.2019.2936094

Nair, P. R., & Dorai, D. R. (2021). Evaluation of performance and security of proof of work and proof of stake using blockchain. 2021 Third International Conference on Intelligent Communication Technologies and Virtual Mobile Networks (ICICV),

Nzuva, S. (2019). Smart contracts implementation, applications, benefits, and limitations. Journal of Information Engineering and Applications, 9(5), 63-75.

Ølnes, S., Ubacht, J., & Janssen, M. (2017). Blockchain in government: Benefits and implications of distributed ledger technology for information sharing. In (Vol. 34, pp. 355-364): Elsevier.

Öztürk, C., & Yildizbaşi, A. (2020). Barriers to implementation of blockchain into supply chain management using an integrated multi-criteria decision-making method: a numerical example. Springer Link: Soft Computing, 24(19), 14771-14789. https://doi.org/10.1007/s00500-020-04831-w

Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hróbjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., . . . Moher, D. (2021). The PRISMA 2020 statement: an updated guideline for reporting systematic reviews. Systematic Reviews, 10(1), 89. https://doi.org/10.1186/s13643-021-01626-4

Paliwal, V., Chandra, S., & Sharma, S. (2020). Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework. Sustainability, 12(18). https://doi.org/10.3390/su12187638

Park, A., & Li, H. (2021). The Effect of Blockchain Technology on Supply Chain Sustainability Performances. MDPI: Sustainability, 13(4). https://doi.org/10.3390/su13041726

Parviainen, P., Tihinen, M., Kääriäinen, J., & Teppola, S. (2017). Tackling the digitalization challenge: how to benefit from digitalization in practice. International journal of information systems and project management, 5(1), 63-77.

Patel, D., Sinha, A., Bhansali, T., Usha, G., & Velliangiri, S. (2023). Blockchain in Food Supply Chain. Elsevier: Procedia Computer Science, 215, 321-330. https://doi.org/https://doi.org/10.1016/j.procs.2022.12.034

Permana, F. P. W., & Darma, G. S. (2020). Implementation Digital Supply Chain Management System as a Reflection of Digital Transformation in New Normal Era: Study of System Crash and Fraud Prevention Analysis. Int. J Sup. Chain. Mgt Vol, 9(5), 1541.

Prause, G. (2019). Smart contracts for smart supply chains. IFAC-PapersOnLine, 52(13), 2501-2506.

Qian, X., & Papadonikolaki, E. (2021). Shifting trust in construction supply chains through blockchain technology. Engineering, Construction and Architectural Management, 28(2), 584-602.

Queiroz, M. M., Telles, R., & Bonilla, S. H. (2019). Blockchain and supply chain management integration: a systematic review of the literature. Emerald Insight: Supply Chain Management - An International Journal, 25(2), 241-254. https://doi.org/10.1108/scm-03-2018-0143

Rana, R. L., Giungato, P., Tarabella, A., & Tricase, C. (2019). Blockchain applications and sustainability issues. Amfiteatru Economic, 21(13), 861-870.

Rejeb, A., Rejeb, K., Keogh, J. G., & Zailani, S. (2022). Barriers to blockchain adoption in the circular economy: a fuzzy Delphi and best-worst approach. Sustainability, 14(6), 3611.

Rogerson, M., & Parry, G. C. (2020). Blockchain: case studies in food supply chain visibility. Supply Chain Management: An International Journal, 25(5), 601-614. https://doi.org/10.1108/scm-08-2019-0300

Saberi, S., Kouhizadeh, M., & Sarkis, J. (2019). Blockchains and the Supply Chain: Findings from a Broad Study of Practitioners. IEEE Engineering Management Review, 47(3), 95-103. https://doi.org/10.1109/emr.2019.2928264

Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2018). Blockchain technology and its relationships to sustainable supply chain management. Taylor & Francis: International Journal of Production Research, 57(7), 2117-2135. https://doi.org/10.1080/00207543.2018.1533261

Sahebi, I. G., Masoomi, B., & Ghorbani, S. (2020). Expert oriented approach for analyzing the blockchain adoption barriers in humanitarian supply chain. Elsevier: Technology in Society, 63. https://doi.org/10.1016/j.techsoc.2020.101427

Sandelowski, M., & Barroso, J. (2007). Handbook for synthesizing qualitative research. Springer Publishing Company, Inc.

Santhi, A. R., & Muthuswamy, P. (2022). Influence of Blockchain Technology in Manufacturing Supply Chain and Logistics. MDPI: Logistics, 6(1). https://doi.org/10.3390/logistics6010015

Saputra, U. W. E., & Darma, G. S. (2022). The intention to use blockchain in Indonesia using extended approach technology acceptance model (TAM). CommIT (Communication and Information Technology) Journal, 16(1), 27-35.

Shen, B., Dong, C., & Minner, S. (2021). Combating Copycats in the Supply Chain with Permissioned Blockchain Technology. Production and Operations Management, 31(1), 138-154. https://doi.org/10.1111/poms.13456

Singh, R. K., Mishra, R., Gupta, S., & Mukherjee, A. A. (2022). Blockchain Applications for Secured and Resilient Supply Chains: A Systematic Literature Review and Future Research Agenda. Computers & Industrial Engineering, 108854.

Sodhi, M. S., & Tang, C. S. (2021). Extending AAA capabilities to meet PPP goals in supply chains. Production and Operations Management, 30(3), 625-632.

Sternberg, H. S., Hofmann, E., & Roeck, D. (2020). The Struggle is Real: Insights from a Supply Chain Blockchain Case. Journal of Business Logistics, 42(1), 71-87. https://doi.org/10.1111/jbl.12240

Sunny, J., Undralla, N., & Madhusudanan Pillai, V. (2020). Supply chain transparency through blockchain-based traceability: An overview with demonstration. Elsevier: Computers & Industrial Engineering, 150. https://doi.org/10.1016/j.cie.2020.106895

Wamba, S. F., & Queiroz, M. M. (2020). Industry 4.0 and the supply chain digitalisation: a blockchain diffusion perspective. Taylor & Francis: Production Planning & Control, 33(2-3), 193-210. https://doi.org/10.1080/09537287.2020.1810756

Wang, Y., Han, J. H., & Beynon-Davies, P. (2019). Understanding blockchain technology for future supply chains: a systematic literature review and research agenda. Emerald Insight: Supply Chain Management - An International Journal, 24(1), 62-84. https://doi.org/10.1108/scm-03-2018-0148

Wang, Y., Singgih, M., Wang, J., & Rit, M. (2019). Making sense of blockchain technology: How will it transform supply chains? Elsevier: International Journal of Production Economics, 211, 221-236. https://doi.org/10.1016/j.ijpe.2019.02.002

Wong, L.-W., Tan, G. W.-H., Lee, V.-H., Ooi, K.-B., & Sohal, A. (2020). Unearthing the determinants of Blockchain adoption in supply chain management. International Journal of Production Research, 58(7), 2100-2123.

Wright, A., & De Filippi, P. (2015). Decentralized blockchain technology and the rise of lex cryptographia. Available at SSRN 2580664.

Xu, P., Lee, J., Barth, J. R., & Richey, R. G. (2021). Blockchain as supply chain technology: considering transparency and security. International Journal of Physical Distribution & Logistics Management, 51(3), 305-324.

Yadav, V. S., Singh, A. R., Raut, R. D., & Govindarajan, U. H. (2020). Blockchain technology adoption barriers in the Indian agricultural supply chain: an integrated approach. Elsevier: Resources, Conservation and Recycling, 161. https://doi.org/10.1016/j.resconrec.2020.104877

Zhang, C., Wu, C., & Wang, X. (2020). Overview of Blockchain consensus mechanism. Proceedings of the 2020 2nd International Conference on Big Data Engineering,

Zhang, P., White, J., Schmidt, D. C., & Lenz, G. (2017). Applying software patterns to address interoperability in blockchain-based healthcare apps. arXiv preprint arXiv:1706.03700.

Zhang, X., Sun, P., Xu, J., Wang, X., Yu, J., Zhao, Z., & Dong, Y. (2020). Blockchain-based safety management system for the grain supply chain. IEEE Access, 8, 36398-36410.

Zhao, G., Liu, S., Lopez, C., Lu, H., Elgueta, S., Chen, H., & Boshkoska, B. M. (2019). Blockchain technology in agri-food value chain management: A synthesis of applications, challenges and future research directions. Computers in Industry, 109, 83-99.

Downloads

Published

2023-10-31

How to Cite

Sinniati, S., & Darma, G. S. (2023). The promise of blockchain: Analyzing potentials and barriers in supply chain management (SCM). BISMA (Bisnis Dan Manajemen), 16(1), 85–114. https://doi.org/10.26740/bisma.v16n1.p85-114

Issue

Section

Articles
Abstract views: 266 , PDF Downloads: 131