Drivers of Blockchain Adoption in Financial and Supply Chain Enterprises

Suwanposri, Chavisa; Bhatiasevi, Veera; Thanakijsombat, Thanarerk

doi:10.1177/09721509211046170

Cited by 8 publications

(6 citation statements)

References 27 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…On the other hand, financial data are also based on high volumes, and managing the record is critically important to overcome duplicate transactions and fake entries. Blockchain technology offers a cybersecurity platform that is almost impossible to hack and breach (Suwanposri et al, 2021). Furthermore, the effective way of handling financial transactions has reduced the delay in supplying raw materials and developed an effective relationship with third-party logistics and another SC member, which resulted in improved firm performance.…”

Section: Hypotheses Development and Conceptual Frameworkmentioning

confidence: 99%

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Aslam

Saleem

Kim

2023

BPMJ

View full text Add to dashboard Cite

PurposeThis study aims to proposed that blockchain helps the organization improve supply chain (SC) performance by improving integration, agility and security through real-time information sharing, end-to-end visibility, transparency, data management, immutability, irrevocable information and cyber-security platforms.Design/methodology/approachThis study has made an initial effort toward proposing a framework that shows the problems and challenges for the O&G SC under its segments (upstream, midstream and downstream) and provides the interlink among blockchain properties for SCM problems. SC managers were selected for survey questionnaires from the Pakistan O&G industries.FindingsThis study analyzes the impact of blockchain-enabled SC on firm performance with an understanding of the SC robustness capabilities as a mediator. The result revealed that the SC manager believes that the blockchain-enabled SC has a positive and significant on firm performance and robustness capabilities.Research limitations/implicationsBlockchain technology is reflected as high-tech to support the firm process, responses and methods. The technology helps eliminate bottlenecks, avoid uncertainties and improve decision-making, leading to improved SC functions. This study guides managers about the potential problems of existing SC and how blockchain solves SC problems more effectively.Originality/valueThe oil and gas (O&G) sectors are neglected by researchers, and there are limited studies on O&G supply chain management (SCM). Additionally, no empirical evidence suggests implementing blockchain for O&G as a solution for potential problems. Furthermore, present the roadmap to other industries those having complex SC networks for the implication of blockchain to improve the SC performance.

show abstract

Section: Hypotheses Development and Conceptual Frameworkmentioning

confidence: 99%

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Aslam

Saleem

Kim

2023

BPMJ

View full text Add to dashboard Cite

show abstract

“…A TOE model was used by Suwanposri et al [40] by introducing new constructs including (1) operational efficiency (technological), (2) suitable application (organizational), (3) supportive governmental regulations and policies (environmental), and (4) stakeholder cooperation (environmental). Data integrity and data security were other factors of the technological group.…”

Section: Karuppiah Et Al [43]mentioning

confidence: 99%

A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications

Taherdoost

2022

Computers

View full text Add to dashboard Cite

Blockchain is a promising breakthrough technology that is highly applicable in manifold sectors. The adoption of blockchain technology is accompanied by a range of issues and challenges that make its implementation complicated. To facilitate the successful implementation of blockchain technology, several blockchain adoption frameworks have been developed. However, selecting the appropriate framework based on the conformity of its features with the business sector may be challenging for decision-makers. This study aims to provide a systematic literature review to introduce the adoption frameworks that are most used to assess blockchain adoption and realize business sectors that these models have been applied. Thus, the blockchain adoption models in 56 articles are reviewed and the results of the studies are summarized by categorizing the articles into five main sections including supply chain, industries, financial sector, cryptocurrencies, and other articles (excluded from the former fields). The findings of the study show that the models based on the technology acceptance model (TAM), technology–organization–environment (TOE), and new conceptual frameworks were the focus of the majority of selected articles. Most of the articles have focused on blockchain adoption in different industry fields and supply chain areas.

show abstract

“…This approach indicates an enterprise's competitiveness to (1) understand fastchanging customers' needs and expectations and (2) raise customers' satisfaction, loyalty, advocacy and awareness (Kreuzer et al, 2020). Thanks to blockchain use cases, enterprises can deliver new customer-oriented services and digitize users' journeys (Suwanposri et al, 2021). Enterprises can offer flexible payment options to their high-credit buyers for extended payment terms without putting their business partners and suppliers in dire straits (Hofmann et al, 2018).…”

Section: Components Of Decision-making Problemmentioning

confidence: 99%

“…Enterprises must pursue digital transformation to gain competitive advantages in the technological landscape and volatile market (Suwanposri et al, 2021). Adopting "Enterprise Blockchain Solutions" is a high-potential strategy that enables organizations to optimize their services and products and grasp greater opportunities using blockchain technology.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Enterprise blockchain solutions for vibrant construction ecosystem: Grey Ordinal Priority Approach

Sadeghi,

Mahmoudi,

Deng

et al. 2023

View full text Add to dashboard Cite

PurposeThe aim of this article states that in each stage of the industrial revolution, only a few initiatives have been real game changers. In Industry 3.0, “Internet of Information” has transformed the business landscape via connectivity and communications. Enterprises could come together to spur innovation in a cooperative or competitive manner. In Industry 4.0, the “Internet of Value” has shown considerable benefits; and, blockchain technology is expected to touch all layers of a business ecosystem, and the construction industry is not an exception.Design/methodology/approachThis study aims to answer the “How do enterprise blockchain solutions contribute to the vibrancy of the construction ecosystem from social, economic, and environmental aspects?” Following a comprehensive literature review, the Grey Ordinal Priority Approach (OPA-G) is employed in multiple criteria decision analysis (MCDA). OPA-G can select functionally rich enterprise blockchain solutions that meet the needs of the future construction industry, while there is uncertainty in the input data.FindingsThe results from the case study show that organization under observation welcomes an enterprise blockchain solution that delivers services related to “renewable energy certificates” in the context of “smart cities and built environment”. Employing high-ranked blockchain solutions brings vibracy and sustainability to construction ecosystem in terms of “C6. decentralized finance and investment,” “C3. multi-party and cross-industry collaboration,” and “C8. data-driven value creation”.Originality/valueAt the micro level, blockchain solutions automate processes, streamline operations, and build new capacities on a new business model. At the macro level, blockchain creates a vibrant ecosystem based on transparency, decentralization, consensus-based democracy, interoperability, etc. Indeed, the capability of blockchain solutions at an enterprise scale (enterprise blockchain solutions) can shape a new construction ecosystem. The practical implications of current research are preparing executives for a fundamentally different next normal in construction.

show abstract

Drivers of Blockchain Adoption in Financial and Supply Chain Enterprises

Cited by 8 publications

References 27 publications

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

Blockchain-enabled supply chain management: integrated impact on firm performance and robustness capabilities

A Critical Review of Blockchain Acceptance Models—Blockchain Technology Adoption Frameworks and Applications

Enterprise blockchain solutions for vibrant construction ecosystem: Grey Ordinal Priority Approach

Contact Info

Product

Resources

About