A literature review of blockchain technology applications in supply chains: A comprehensive analysis of themes, methodologies and industries

Lim, Ming K.; Li, Yan; Wang, Chao; Tseng, Ming‐Lang

doi:10.1016/j.cie.2021.107133

Cited by 223 publications

(147 citation statements)

References 137 publications

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“…Especially in cases of outsourcing, such as 3 PL, companies have to earn trust based on trust. This finding of our study confirms similar results in the literature [15,33,34,[58][59][60]. Firms have to build trust to increase collaboration and integration.…”

Section: Discussion: Blockchain Technology and Supply Chain Integration In Terms Of Supply Chain Dynamicssupporting

confidence: 92%

“…Secondly, cryptographic technology secures data security while also ensuring that data cannot be altered without knowing the correct secret key. Consensus protocols protect the entire network by requiring that all nodes have uniform protocols [60].…”

Section: Blockchain Technology and Trust In The Supply Chainmentioning

confidence: 99%

“…protocols protect the entire network by requiring that all nodes have uniform protocols [60].…”

Section: Hypothesis 3 (H3) Blockchain Technology Utilization Significantly Affects Supply Chain Trustmentioning

confidence: 99%

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An Integrated Impact of Blockchain on Supply Chain Applications

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Market conditions have become increasingly dynamic and demanding, resulting in a challenging competitive environment. To adapt to this dynamic environment, supply chains have become increasingly reliant on collaboration, integration, flexibility, and trust between stakeholders. Therefore, the importance of new technological applications in supply chains has grown even more. To improve supply chain flow control, modern specialized applications must be implemented. Blockchain technology has established itself as a necessary component of today’s competitive environment. Companies should invest in blockchain technology to respond quickly to changing market conditions and demands in today’s dynamic business environment. In this regard, this study investigates the effect of blockchain technology utilization on supply chain transparency, supply chain flexibility, and trust in suppliers. For this purpose, first, data were collected from the first 1000 exporting firms declared in 2019 by the Turkey Exporters Assembly using a survey method. Secondly, factor analyses and regression analyses were performed with the dataset obtained from 84 companies. As a result of the analysis, it was determined that blockchain technology utilization increases transparency, flexibility, and trust in supply chains. According to these results, it is suggested that companies should invest in blockchain technology to make their supply chain more transparent, flexible, and secure. Moreover, blockchain plays a crucial role in building mutual trust with supply chain stakeholders. Finally, the research includes some considerations on the positive implications and potential of blockchain in collaboration and integration.

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Section: Discussion: Blockchain Technology and Supply Chain Integration In Terms Of Supply Chain Dynamicssupporting

confidence: 92%

Section: Blockchain Technology and Trust In The Supply Chainmentioning

confidence: 99%

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An Integrated Impact of Blockchain on Supply Chain Applications

Meidutė‐Kavaliauskienė

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et al. 2021

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“…Frizzo-Barker et al (2020) conducted a systematic review of research focused on blockchain in the business literature and highlighted the gap and necessity of further research on the application of blockchains in non-Western contexts to understand its socioeconomic impact. Lim et al (2021) also reviewed the literature on blockchain technology applications in supply chains and revealed research opportunities for using multicriteria decision analysis (MCDA) along with simulation and mathematical modeling.…”

Section: Introductionmentioning

confidence: 99%

Analyzing blockchain adoption barriers in manufacturing supply chains by the neutrosophic analytic hierarchy process

et al. 2021

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“…Kshetri (2018) also argues that it contributes to cost, quality, speed, dependability, risk reduction, sustainability, and flexibility goals. Nonetheless, the adoption of blockchain technology in food supply chain management is still in its infancy, thus allowing us only a limited understanding of its potential (Treiblmaier, 2018;Müßigmann et al, 2020;Lim et al, 2021). More research is needed on the benefits and challenges of blockchain-based traceability in food supply chains.…”

Section: Introductionmentioning

confidence: 99%