Digitizing global supply chains through blockchain

Rauniyar, Komal; Wu, Xiaobo; Gupta, Shivam; Modgil, Sachin; Kumar, Ajay

doi:10.1080/09537287.2023.2189614

Cited by 9 publications

(7 citation statements)

References 118 publications

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“…Empirical investigations mostly follow an exploratory setting and a qualitative case study approach (e.g. Rauniyar et al, 2023;Bhatia et al, 2023;Chen et al, 2022;Abdollahi et al, 2023). These studies generally confirm Schmidt and Wagner (2019) propositions suggesting how the intrinsic characteristics of BCT have the potential to reduce behavioural and environmental uncertainties, thereby lowering transaction costs.…”

Section: Introductionmentioning

confidence: 77%

Impacts of blockchain technology in agrifood: exploring the interplay between transactions and firms’ strategic resources

Casati,

Soregaroli,

Frizzi

et al. 2024

SCM

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Purpose Despite the growing interest in blockchain technology (BCT) applications in the agri-food industry, evidence of their economic and strategic implications remains scarce. This study aims to contribute to filling this gap by jointly investigating how BCT adoption affects transactional relationships, and how it contributes to the firm’s strategic resources. Design/methodology/approach An explanatory case study is conducted based on a theoretical framework grounded on transaction cost economics and the resource-based-dynamic capabilities view. Six BCT implementations by agri-food firms are studied. Data were collected through semi-structured interviews and analysed using thematic analysis. Findings Findings reveal that BCT benefits depend on how companies integrate technology across their supply chains. In fact, the results suggest that overall transaction efficiency within the supply chain is enhanced only for those firms prioritising stakeholder engagement during technology implementation and leveraging existing trust relationships with economic agents. Moreover, the results suggest that BCT is not yet perceived as a strategic resource, but rather that it has the potential to enhance firms’ operational-adaptive, absorptive and innovative capabilities. When all supply chain actors clearly understand blockchain’s functionality and value, the development of these capabilities becomes more pronounced. Practical implications The study identifies two BCT adoption configurations. One primarily focuses on enhancing supply chain efficiency and transparency (dynamic BCT), while the other uses BCT mainly for marketing purposes (static BCT). These configurations lead to varied possibilities for leveraging BCT’s potential advantages. Furthermore, they show how a mismatch between a strategic approach and its chosen configuration could work against any positive impact and lead to disillusionment with the BCT. Thus, managers should assess carefully the impact of such different configuration choices on performance. Originality/value To the best of the authors’ knowledge, this is the first study to attempt to analyse the economic implications of adopting BCT in the food sector from both a firm and supply chain perspective. Additionally, it shows how interpreting these impacts is contingent on the diverse modalities for embedding BCT into existing supply chains.

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Section: Introductionmentioning

confidence: 77%

Impacts of blockchain technology in agrifood: exploring the interplay between transactions and firms’ strategic resources

Casati,

Soregaroli,

Frizzi

et al. 2024

SCM

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“…The integration of this technology promises a slew of advantages, including streamlined operational workflows, heightened transparency at various stages, and the expeditious delivery of products, thus fostering heightened customer satisfaction while concurrently curbing operational costs (Zekos, 2021). Beyond these immediate gains, the strategic adoption of Blockchain Technology confers a distinct competitive edge upon SMEs in the global arena (Rauniyar et al, 2023). By instilling an elevated degree of flexibility, SMEs are better equipped to adeptly respond to shifting market dynamics, promptly accommodate evolving customer requisites, and nimbly adapt to shifting regulatory frameworks intervention (Karisma & Moslemzadeh Tehrani, 2023).…”

Section: Discussionmentioning

confidence: 99%

“…The utilization of blockchain technology engenders a transformative relationship with supply chain efficiency, epitomizing an alliance of innovation and operational optimization (Zekos, 2021). Blockchain's decentralized ledger system brings about heightened transparency and traceability, empowering stakeholders to impeccably track product movement and authenticate information throughout the supply chain journey (Rauniyar et al, 2023). By obviating intermediaries, this technology expedites interactions, thereby circumventing delays associated with third-party interventions (Appelbaum et al, 2022).…”

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confidence: 99%

Utilizing blockchain technology in enhancing supply chain efficiency and export performance, and its implications on the financial performance of SMEs

Purwaningsih,

Muslikh,

Suhaeri

et al. 2024

10.5267/j.uscm

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This study examines the intricate relationships among Blockchain Technology utilization, Supply Chain Efficiency, Export Performance, and the Financial Performance of Small and Medium-sized Enterprises (SMEs). The research aims to elucidate the impact of technology adoption on various operational and financial aspects within the SME context. Employing a quantitative research design, data was collected from a diverse sample of SMEs across industries. The relationships were analyzed using statistical techniques, and the hypotheses were tested to uncover the implications of Blockchain Technology integration on SMEs' performance dimensions. The findings reveal that the adoption of Blockchain Technology significantly enhances Supply Chain Efficiency, underscoring its potential for optimizing operational workflows. However, the direct impact of technology on SME Financial Performance is not established, suggesting the importance of a holistic approach to financial growth. Moreover, the positive association between Blockchain Technology and Export Performance highlights the pivotal role of technology in fostering international trade success. Theoretical implications underscore the intricate interplay between technology adoption, operational efficiencies, and financial outcomes in SMEs. Managerially, the study advocates for SMEs to strategically integrate technology within their supply chain management practices to achieve enhanced efficiency and market competitiveness. Limitations include the potential for contextual variations and measurement biases. Future research can delve deeper into the moderating factors that influence the relationship between technology and financial performance in SMEs. The novelty of this study lies in its comprehensive examination of the interrelationships between these factors within the SME context.

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“…This is a prominent concept used in electronic data interchange, where the underlying concept helps to make decisions for adopting new technologies under uncertain conditions. Most of the previous researchers made use of the DOI theory (Rogers, 1983;Dzogbenuku et al, 2020;Rauniyar et al, 2023) to pinpoint the aspects of innovation that affect acceptance. The DOI asserts that the adoption of any new technical invention is greatly influenced by five characteristics, namely, the complexity of the innovation, compatibility with the organization, the benefit compared to other existing technological choices, observability and trialability.…”

Section: Underpinning Theoriesmentioning

confidence: 99%

Dark side of blockchain technology adoption in SMEs: an Indian perspective

O.N.¹,

Divya²,

Kurian³

2023

JICES

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Purpose The purpose of this paper is to understand the dark side of blockchain technology (BCT) adoption in small and mid-size enterprises. The focus of the authors is to decode the intricate relationship among the selected variables missing in the existing literature. Design/methodology/approach A focused group approach is initiated by the authors to identify the barriers. Total interpretive structural modeling, Matrice d'impacts croisés multiplication appliquée á un classment, that is, matrix multiplication applied to classification and decision-making trial and evaluation laboratory are used to analyze the complex relationships among identified barriers. Findings This study finds that implementation of BCT reduces maintenance cost by withdrawing manual effort, as BCT has better capability to quantify the internal status of the system (observability characteristic). The observability characteristic of BCT provides high compatibility to the system. This study also finds that the compatibility of BCT with the organization reduces implementation cost and facilitates project management. The findings of this study recommend analyzing maintenance cost and compatibility of BCT before implementing it. Small and mid-size enterprises can select complex BCT depending on the sophistication level of IT usage and IT project management capabilities. Research limitations/implications This study comes with various limitations, where the model developed by the authors may not be conclusive, as it is based exclusively on expert opinion. The samples collected may not help in validating the model statistically. Though the model has its limitations, it can still be considered as a nascent initiative for further investigation using structural equation modeling. Originality/value The outcomes of the theoretical and managerial contributions of the study can be categorized into three levels. This study can be used both by the industrialists and researchers to understand the barriers and the recovery methods thereafter. Suggestions that serve as future directives are also discussed by the authors.

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Digitizing global supply chains through blockchain

Cited by 9 publications

References 118 publications

Impacts of blockchain technology in agrifood: exploring the interplay between transactions and firms’ strategic resources

Impacts of blockchain technology in agrifood: exploring the interplay between transactions and firms’ strategic resources

Utilizing blockchain technology in enhancing supply chain efficiency and export performance, and its implications on the financial performance of SMEs

Dark side of blockchain technology adoption in SMEs: an Indian perspective

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