The Impact of Blockchain Technology Application on Supply Chain Partnership and Performance

Determinants of competitive advantage through achieving pharmaceutical supply chain management capabilities in the Ethiopian healthcare sector

PURPOSE

These days, supply chain management (SCM) is essential to maintaining the long-term sustainability of the whole manufacturing ecosystem. This research examines the effects of competitive priorities (cost, quality, flexibility and delivery) on achieving success for the three key participants in SCM: suppliers, distributors and customers.

DESIGN/METHODOLOGY/APPROACH

Survey data from 258 workers in pharmaceutical businesses was utilized in an empirical study partial least squares structural equation modeling (PLS-SEM) was employed to examine whether supply chain capabilities (SCC) were influenced by competitive advantage (cost, quality, flexibility and delivery).

FINDINGS

The results of the investigation show a favorable correlation between competitive advantage in the Ethiopian pharmaceutical and medical supplier industry and SCC.

ORIGINALITY/VALUE

This study demonstrates the positive impacts of cost, quality, flexibility and delivery on suppliers, distributors and customers. Our findings suggest that pharmaceutical and medical suppliers prioritize achieving high-quality service before focusing on cost reduction.

Blockchain technology for sustainable supply chains: a network cluster analysis and future research propositions

Achieving the sustainable goals of the United Nations requires improving supply chain sustainability (SSC). Blockchain technology (BCT) has attracted attention on a global level with the ability to transform supply chain management and sustainability efforts. Recognizing this, this study investigates how BCT plays a role in SSC. The current study looks into the importance of BCT in order to move supply networks towards sustainability by performing bibliometric analysis, and network cluster analysis. Through the literature review, the current literature was analyzed and future research directions were concluded. We begin our study by selecting 297 papers on the relevant subjects by applying various filters to the Web of Science (WoS) database. Influential individuals, journals, and organizations in this field were identified using bibliometric analysis. A network analysis was performed to identify influential co-author, and keywords, and for page rank, and cluster analysis. The network analysis was revealed ten distinct study clusters, and ten propositions were suggested from the analysis of these clusters. Additionally, a conceptual framework for the research was proposed, which can advise managers, practitioners, and researcher communities on the key trends and topics in this emerging research domain. Furthermore, to guide research scholars in this field, 33 future research directions were suggested.

Blockchain Technology

To encourage industry discussion of cutting-edge blockchain applications, this chapter was written. This chapter provides an introduction to blockchain technology as well as details on how to secure transactions using technology and how the secure element works. It examines common implementation worries and provides use cases for current commercial or trial projects. The following paragraphs go over the concept of a blockchain, how bitcoin transactions operate, and how to finish a transaction. The network of Marco Polo will be highlighted. In this chapter, the authors show how to use blockchain and cloud technology with Marco Polo to remove corporate pain problems. The chapter goes on to give a full overview of blockchain, including its function, traits, and applications.

Blockchain technology for sustainable development: a systematic literature review

Purpose

Blockchain technology (BCT) is one of the latest disruptive innovations, brought along with-it immense scope of diverse applications contributing towards sustainable development (SD). The consistent increase in the publications reveal that the application of BCT for SD has become popular among researchers and practitioners in past few years, in turn, urged for a systematic literature review (SLR) to get an insight into the research journey travelled so far and setting directions for future research in this area. Therefore, this study aims to identify, map and synthesize the available literature on application of BCT for SD.

Design/methodology/approach

The automatic and manual search resulted into 1,277 studies from Scopus and Web of Science database. Further applying inclusion and exclusion criterion resulted in bringing out total of 157 studies, which were termed as primary studies. Based on the results of descriptive analysis, conducted through Bibliometric and VOSviewer software, the characteristics of BCT and its key capabilities, contributing towards shaping the recent SD literature, were critically examined. Identified research themes for clustering primary studies were aligned with United Nations Sustainability Development Goals (UNSDG). A mind-map was also prepared on the basis of thematic classification of primary studies.

Findings

The research themes “business practice and economic sustainability”, “agriculture and food security” and “business practice and environment sustainability” were found to be the focal points of scholarly attention. Synthesis and analysis of primary studies resulted into classification of research gaps under four categories – theoretical foundation, methodological limitation, research themes and technology implementation challenges. The study was concluded by sensitizing and sanitizing the concrete research questions for future research.

Research limitations/implications

The research findings shall be a roadmap for research scholars, academicians and practitioners to comprehend the present state of knowledge in the domain of “BCT application for SD” and decide upon adopting the future course of action to attain the UNSDGs by the year 2030.

Originality/value

To the best of the authors’ knowledge, the current study is the first attempt in its own sense to analyse and synthesize the available literature on “attaining SD through BCT” using SLR approach.

A bibliometric study on blockchain-based supply chain: a theme analysis, adopted methodologies, and future research agenda

The emergence of the underlying blockchain technology of bitcoin has gained extensive attention from researchers and practitioners. As distributed ledger technology, blockchain widely finds its applications in the supply chain to mitigate issues related to transparency, information sharing, process efficiency, and traceability. This study employed a knowledge-based visualization technique to create a vision beyond other review studies on the blockchain-based supply chain. We used bibliometric and network analysis to synthesize the previous literature. In total, 431 articles in the timespan of 2017 to April 2022 from Scopus and Web of Science (WOS) databases were analyzed after applying search string, inclusion, and exclusion criteria. Basic information was extracted from initial data screening; then, data was analyzed on the grounds of co-occurrence, bibliographic coupling, citation, co-authorship, and co-citation analysis. In addition, thematic analysis was performed to analyze the content of the previous studies, adopted research methods, and dynamic industries in the literature. Besides all these, we identified various research gaps and proposed research directions for future study. We believe that this study provides adequate knowledge to academic scholars and supply chain practitioners to fast-track the current research in the supply chain domain using blockchain technology.

The role of blockchain-enabled supply chain applications in improving supply chain performance: the case of Jordanian manufacturing sector

Purpose

Blockchain technology has the potential to enhance information and knowledge management among members of the supply chain. This study aims to demonstrate the direct and indirect impact of blockchain adoption on achieving supply chain competitive advantage and improving innovation capabilities to achieve greater supply chain performance.

Design/methodology/approach

The study opted for a quantitative research approach. A structured questionnaire was used to collect data from 284 respondents from various Jordanian manufacturing firms. Smart PLS software was used to conduct structural equation modelling to test the proposed hypotheses.

Findings

The analysis revealed that investing in and using blockchain-enabled supply chain applications improves the ability to achieve higher levels of productivity, lead times, customer service and relationships with supply chain members. Moreover, blockchain technology integration with supply chain management processes has a positive impact on innovative activities that support supply chain operations. Finally, blockchain adoption has enhanced supply chain performance by reducing transaction costs, improving customer service and increasing the speed of supply chain operations.

Research limitations/implications

The study provides guidance for decision-makers and academicians on the use of blockchain adoption to improve supply chain performance. Future studies should use a larger sample size and random sampling techniques to achieve better generalizability of the results.

Originality/value

The study fulfils an identified gap in the application of blockchain technology to improving supply chain performance within a broader context that encompasses supply chain innovation capabilities and competitive advantage.

The role of supply chain alignment in coping with resource dependency in blockchain adoption: empirical evidence from China

Purpose

The deployment of blockchain technology (BT) throughout the supply chain is usually led by large firms that dominate the supply chain. Leading firms can encourage other resource-constrained partners to get on board by providing technical and financial support. However, due to the uncertain consequences of relying on leading firms, these partners may still be reluctant to adopt BT. Drawing on resource dependence theory, this study aims to investigate whether and when supply chain alignment can be used as a dependency coping strategy to increase the willingness of resource-constrained partners to adopt BT. Moreover, it aims to examine the motivators for supply chain alignment.

Design/methodology/approach

This study adopted a survey research design and collected data from 364 small and medium-sized enterprises in China.

Findings

Supply chain alignment positively affects BT adoption. The effect of supply chain alignment on BT adoption is contingent on guanxi (a Chinese cultural tradition of interpersonal connections that facilitate a mutual exchange of favors). Relative advantage, technology complexity, organizational readiness and cost are motivators for supply chain alignment. Supply chain alignment mediates the effect of cost, technology complexity and relative advantage on BT adoption.

Originality/value

This research addresses the problem of resource dependency in the context of BT adoption which has been overlooked by previous research. Moreover, this paper enriches the BT literature by identifying supply chain alignment as an important channel for technology–organization–environment factors to influence BT adoption.

SDSM: Secure Data Sharing for Multilevel Partnerships in IoT Based Supply Chain

Symmetric encryption algorithms enable rapid encryption of data in IoT based supply chains, which helps to alleviate the concerns of supply chain participants about privacy disclosure when sharing data. However, in supply chain management where multilevel partnerships exist universally, a pure symmetric encryption scheme cannot provide efficient data sharing and fine-grained access control. To overcome these problems, this paper proposes a secure data sharing scheme (SDSM) for IoT based supply chains by combining blockchain and ciphertext-based attribute cryptography. This scheme supports the enforcement of fine-grained access control for different levels of partnerships. In addition, to identify partnerships, we propose a metric based on the historical transaction facts on the blockchain, where the level of partnerships among participants is automatically calculated by smart contracts. Finally, we introduce personalized attributes of participants in the ciphertext-based attribute encryption algorithm to support the construction of access policies that include partnerships, allowing for more fine-grained access control. Security analyses and simulation experiments show that our proposed scheme is secure, effective, and practical.

Blockchain Technology for Oil and Gas: Implications and Adoption Framework Using Agile and Lean Supply Chains

Oil and gas (O&G) supply chain management (SCM) is complex because it deals with different geographic locations to manage demand and supply, transportation, inventory, and distribution. Blockchain technology has created an interesting research gap in the SCM domain, and this study is designed to describe the relevancy of blockchain technology for O&G SCM. SCM is based on agile and lean supply chains (SCs). Agile SC focuses on increasing flexibility and responsiveness to gain competitive advantages, and lean SC is based on eliminating waste and processes to improve firm performance. This study is an initial effort to propose a framework that suggests the implication of blockchain for O&G by providing an overview of O&G SCM. Data were collected from SC managers of O&G companies, and we analyzed the impact of agile and lean SCs on firm performance. The results indicate that agile SC is highly important for O&G industries in comparison to lean SC. This study proposes the key requirements of agile SC and how blockchain can uplift agile SC technology with state-of-the-art properties such as data-driven management, information sharing, data privacy, cyber-security, transparency, smart contracts, visibility, traceability, and reliability, which boost SC agility as well as firm performance.

An empirical analysis of the supply chain flexibility using blockchain technology

Building a flexible supply chain can enable the firms to manage their supply chains to adapt effectively to dynamic market demand changes and thus guarantee their accelerated growth in the future. In this vein, this study aims to address several important issues in supply chain management by considering two characteristics of blockchain technology (i.e., information transparency and security of blockchain technology) and exploring the specific conditions under which firms are likely to develop trust in supply chain management. Furthermore, we argue that such supply chain trust is vital to the success of achieving and increasing supply chain flexibility. In addition, we propose that top management teams’ digital leadership within the firms plays a vital role in moderating the contribution of each dimension of blockchain technology to supply chain trust. Using data from a large sample of 338 firms in China, we perform structural equation modeling to examine our conceptual framework empirically. Our results highlight and support the idea that blockchain technology’s information transparency and security influence the trust-building in a supply chain and supply chain flexibility and articulate the particular importance of digital leadership in explaining the contribution of different blockchain technology characteristics to trust-building. Our study advances the theoretical, empirical, and managerial analysis of critical factors to build trust and achieve flexibility in supply chains.

A Systematic Review of the Adoption of Blockchain for Supply Chain Processes

This paper systematically reviews the literature on the adoption of Blockchain technology in Supply Chain Management (SCM) processes. Using the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analysis) methodology, 53 peer-reviewed research publications from five different databases (IEEE Xplore, Science Direct, Scopus, Google Scholar, and EBSCOhost) were selected and analyzed using a classification coding framework. The findings reveal that Agri-food traceability, Blockchain security, smart contracts, and the Internet of Things (IoT) were the significant identified current trends in the use of Blockchain in SCM processes. The key identified challenges include high costs of transactions and a lack of trust between stakeholders. Identified solutions were Blockchain traceability systems and the use of smart contracts and IoTs. In addition, this paper identified gaps in the literature that need to be addressed in future studies.

Blockchain technology-based sustainable management research: the status quo and a general framework for future application

The problems of data leakage and unreliable information transfer in the management process make sustainability management an inevitable need for future development. Globally, there is increasing attention paid to blockchain technology and particularly its application in addressing sustainable management issues, both from academia and industry. Aiming to deepen the understanding of how blockchain technology could deal with sustainable management issues across different disciplines, this paper investigates the latest research on the application of blockchain technology in sustainable management published from 2017 to 2021. It is found that there is a drastic surge of publications in the recent 2 years. The analysis focuses on authors' origins, the collaboration network of the keywords, countries, and research topics covered. The application of blockchain technology in five key sectors of sustainable management, encompassing energy management, construction management, supply chain management, environmental management, and e-government management, is selected for further analysis detail. Also, a general framework for applying blockchain technology is proposed for broadening its use and dealing with sustainable management issues. The findings show that the identified 108 publications are distributed in 75 different journals, and scholars from China, the UK, and the USA have been working closely in BT-based sustainable management research. Blockchain technology is just emerging in sustainable management, and there is a great potential for applying blockchain technology to improve sustainable management performance and, more importantly, to provide solutions to quite a few long-lasting problems in these sectors. Opportunities for future research are also presented and discussed.

Blockchain Technology in Operations & Supply Chain Management: A Content Analysis

Scholars are increasingly examining how the distributed blockchain technology can counter specific supply chain and operations management challenges. Various research approaches emerge from different scholarly backgrounds, but the interrelation of research areas and current trends has not been adequately considered in a systematic review. We employ a data-driven content analysis approach to examine previous research on blockchain technology in operations management and supply chain management. We investigate the extent to which blockchain technology was considered in scholarly works, structure the research efforts, and identify trends, interrelated themes, and promising research opportunities. Quantitative and qualitative content analysis is conducted on an extensive literature sample of 410 articles. Results indicate an optimistic attitude due to potentials such as tracking and tracing abilities, efficiency increases, and trust-building. Conceptual studies dominate the literature set, with increasing qualitative research efforts. Grand theories are seldomly addressed in the studies. Blockchain technology is outlined as particularly useful when combined with other technologies like IoT. We also identified sustainability implications of the technology, such as enabling transparency for SC stakeholders. Cryptocurrencies can facilitate further efficiency gains if legal uncertainties are reduced. The study is concluded with managerial and theoretical implications and future research opportunities.

Smart Agricultural Futures Market: Blockchain Technology as a Trust Enabler between Smallholder Farmers and Buyers

Smallholder farmers produce over 70% of the world’s food needs. Yet, the socioeconomic conditions of the smallholder farmers are substandard. One of the primary reasons for this unpropitious situation is that they generate modest income by selling their harvest due to the lack of trusted buyers and organized markets. This research explores how technology can enable the trust to reduce transaction-related risks, empowering unknown parties to transact. Blockchain technology has the potential of mitigating transaction-related risks and promoting trust with a tamper-proof history of transactions and automatic execution of smart contracts. Based on blockchain technology to promote trust, this research has discovered a novel approach for smallholder farmers to conduct exchanges by generating social capital as an individual and using that social capital as collateral for financial exchanges when establishing contracts. This approach empowers farmers to trade smart futures contracts on behalf of the expected harvest at a better rate to receive some cash in advance to be used in the cultivation process to produce a high-quality harvest that attracts better rates. It also enables them to perform aggregated marketing with enhanced market linkages that, in turn, assist in increasing margins made by the farmer.

Antecedents for blockchain technology-enabled sustainable agriculture supply chain

Blockchain can solve the problems that the agriculture supply chain (ASC) is facing to achieve sustainable growth. In a nation like India, blockchain application in the supply chain is still new; therefore, supply chain players need a better understanding and awareness of blockchain through valuable insights. This article aims to study the mediating role of blockchain technology adoption (BLCT) for sustainable supply chain performance (SSCP). This study investigates the influence of numerous factors such as green and lean practices, supply chain integration, supply chain risk, performance expectancy, top management support, cost, internal and external environmental conditions, regulatory support, and innovation capability on BLCT adoption. A sample of 316 respondents from Indian ASC industries was collected, and structural equation modeling (SEM) was used. This study's outcomes show that green and lean practices, supply chain integration, supply chain risks, internal and external conditions, regulatory support, innovation capability, and cost positively influence BLCT adoption. Moreover, BLCT positively influences sustainable agriculture supply chain performance. This article is valuable for policymakers, managers, service providers, researchers, and academicians to understand the role of factors in influencing BLCT and BLCT's role in improving sustainable supply chain performance (SSCP).

Leveraging Smart Contract in Project Procurement through DLT to Gain Sustainable Competitive Advantages

Project delivery on time, with agreed quality and assigned budget, is the desire of project-based companies. Time, quality, and cost are determinants of project success; however, organisations suffer from achieving these three success criteria at the same time. Failures in project delivery cause the loss of the competitive advantage. The recent digital technologies introduce smart contracts to supply chain (SC) operations for improving SC processes. Project procurement is the area for smart contract implementation to deliver successful projects and gain sustainable competitive advantages. The aim of this study was in explaining how smart contracts benefit project organisations through project procurement. Qualitative research design guided this research with phenomenology. Semi-structured interviews generated the data. The obtained research data were analysed with thematic, textual, and discourse analysis. Published industry reports were used to triangulate the data. This study demonstrated an integrated relationship model to answer the research question. The research findings initially identified the fact that smart contracts improve procurement efficiency through cost, time, and quality. Secondly, smart contracts build a trust-less platform where reliability is delivered and reinforced with transparency, traceability, and security. This study found that enhanced procurement efficiency and reliability meet requirements to gain sustainable competitive advantages. This study intends to contribute to industry practices and future research. The correlation of project procurement management success, smart contracts, and sustainable competitive advantages are expected to guide feature research and business practices.

Blockchain technology development and implementation for global logistics operations: a reference model perspective

Purpose

Blockchain technology offers a lot of potential benefits in supply chain management. However, there is a need of a reference model which addresses the gaps in existing frameworks. This paper aims to propose a blockchain technology-based reference model which can be applied to global logistics operations.

Design/methodology/approach

The researchers have integrated the fit-for-purpose theoretical framework and prototyping methodology to design the reference model, a blockchain-based logistics, tracking and traceability system (BLTTS). The researchers demonstrated the application of the reference model through a health-care supply chain case study. The proposed BLTTS can be implemented across global logistics operations for business performance improvement.

Findings

The research provides a framework and recommendations for global companies to consider when adopting the blockchain technology for implementation. The researchers found that the Ethereum blockchain technology improves security of the data shared within the block through the secure hashing algorithm 1. The hash algorithm ensures anonymity of the involved parties. The model integrates blockchain with supply chain thus creating transparent process, efficiency and real-time communication.

Research limitations/implications

The reference model will offer a better solution to global logistics operations challenges. It provides recommendations to key stakeholders involved in logistics operations segment of the logistics industry while adopting blockchain technology. Apart from the methodological limitation of the study, the system compatibility and the layer configuration aspects might be posing potential challenges while upscaling the implementation.

Originality/value

The proposed reference model overcomes the drawbacks of existing models as it integrates Ethereum technology. In addition, the researchers have applied the model to demonstrate its functioning in real-time environment, which could guide for future research.

The Influence of the Digital Supply Chain on Operational Performance: A Study of the Food and Beverage Industry in Indonesia

In this rapidly developing digital era, digital transformations take place within every industry, and they have effects on the management of the supply chains. The aim of this study is to delve into the influence of the digital supply chain on the quality, productivity, and cost reduction aspects of operational performance. This study relies on quantitative methodology and data collected from the food and beverage industry of Indonesia. Data from a survey comprising a total of 209 responses were selected for investigation. PLS-SEM was used to perform the analysis. The investigation reveals that the digital supply chain has significant effects on operational performance in terms of quality, productivity, and cost reduction performance. This study contributes to the understanding of supply chain management by addressing the knowledge gap associated with the digital supply chain. In particular, it has concentrated on the hitherto unresearched effect of operational performance in the context of the Indonesian manufacturing industry.

The Interaction Effect of Information Systems of Shipping and Logistics Firms and Managers’ Support for Blockchain Technology on Cooperation with Shippers for Sustainable Value Creation

Firms apply new technology to value creation. In particular, blockchain technology increases transparency and stability of shipping and logistics firms and this is connected with a high level of collaboration with shippers. In this regard, the objective of this study is to verify the interaction effect of information systems of shipping and logistics firms and managers’ support for blockchain technology on cooperation with shippers. To achieve the objective, this study identified variables based on prior research and analyzed the data collected by a survey. The results are as follows. First, information systems as a resource of shipping and logistics firms have a positive effect on cooperation with shippers. To enhance the strategic resource, they increase cooperation with shippers based on learning and logistics process improvement. Therefore, the relationship between the information systems and cooperation with shippers can be explained as a resource-based view. Second, there is the interaction effect of the information systems and managers’ support for blockchain technology on the cooperation and this can be explained as a resource-based view. Information systems are resources of shipping and logistics firms, and managers should encourage and reward staff for using new technology such as blockchains, followed by a high level of cooperation with shippers.

The Effect of Blockchain Technology on Supply Chain Sustainability Performances

Improving supply chain sustainability is an essential part of achieving the UN’s sustainable goals. Digitalization, such as blockchain technology, shows the potential to reshape supply chain management. Using distributed ledger technology, the blockchain platform provides a digital system and database to record the transactions along the supply chain. This decentralized database of transactions brings transparency, reliability, traceability, and efficiency to the supply chain management. This paper focuses on such novel blockchain-based supply chain management and its sustainability performances in the areas of environmental protection, social equity, and governance efficiency. Using a systematic literature review and two case studies, we evaluate whether the three sustainability indicators can be improved indirectly along supply chains based on blockchain technology. Our study shows that blockchain technology has the potential to improve supply chain sustainability performance, and we expect blockchain technology to rise in popularity in supply chain management.

The Relationships between Orientation, Collaboration and Performance for Supply Chain Management of Korean FDI Firms for Sustainable Growth

The objective of this study is to verify the relationships between orientation, collaboration and performance for supply chain management (SCM) of Korean foreign direct investment (FDI) firms for sustainable growth. To achieve the objective, this study created the research model, and the research hypotheses came from prior research. The questionnaire was sent to Korean FDI firms, and the collected data were analyzed by various analytical methods such as a factor analysis, a Cronbach’s alpha coefficient, structural equation modeling (SEM) and a moderated regression analysis. The results are as follows. First, orientation for SCM has a positive effect on collaboration for SCM. Global SCM is regarded as an essential part in the era in which a value chain is globalized, and as a result, it is globally performed in the procurement of raw materials, production of goods and sales of final goods. To perform global SCM, staff of manufacturers should have recognition of SCM from the internal viewpoint of a firm, they should create strategy and structure for SCM from the whole viewpoint of a firm, and they should disseminate it to suppliers and customers. Second, collaboration for SCM has a positive effect on supply chain performance. The key factors are collaboration with international logistics service providers as well as inter-departmental collaboration. The collaboration is based on attaining efficiency and effectiveness, and as a result, firms achieve superior supply chain performance.

The Unknown Potential of Blockchain for Sustainable Supply Chains

The growing attention to emerging technologies has raised several doubts regarding the sustainability aspects. Among the new technologies, blockchain has laid the foundations for a revolution in the financial field but also in the energy, tourism, medical, industrial and supply chains sectors. Through a systematic literature review, 37 documents were analyzed to describe the sustainable aspects generated using blockchain in supply chains. Therefore, the results achieved provide two levels of analysis. The former highlights the impact of the adoption of blockchain in supply chains based on the three dimensions of sustainability: environmental, economic and social. The latter shows the positive and negative impacts of each form of sustainability. The purpose of the work is to summarize the current state of the art in order to propose a future development agenda based on the need to simulate and define a measurability for each dimension of sustainability. Finally, the study provides a broad overview of practical and managerial implications for entrepreneurs and researchers. On the one hand, the work shows how the use of blockchain improves the profits and reputation of companies. On the other hand, it highlights several research gaps to be investigated and considered by researchers.

Improving Maritime Transport Sustainability Using Blockchain-Based Information Exchange

In this paper, the authors perform a comprehensive literature review of the positive impacts of blockchain-based information exchange in the maritime transport sector, as well as the challenges and barriers for successful blockchain-based information exchange, considering all three aspects of the sustainability (economic, environmental, and social). The papers from relevant databases (Web of Science and Scopus) and selected studies have been used. The literature coverage was expanded by using backward snowball sampling. In total, 20 positive impacts and 20 challenges/barriers were singled out. Despite the identified barriers and challenges (such as the slow acceptance of blockchain technology in the maritime transport sector or the high implementation cost), blockchain technology possesses a definite potential to improve the information exchange between all involved stakeholders (for example, by improving the visibility across transport routes and by reducing the paper-based processes), positively affecting all three aspects of sustainability. The authors contribute to the existing research of the economic aspect of maritime transport sustainability by blockchain-based information exchange by expanding it and by researching the environmental and social aspects of sustainability.

Blockchain technology in supply chain operations: Applications, challenges and research opportunities

Blockchain is a technology with unique combination of features such as decentralized structure, distributed notes and storage mechanism, consensus algorithm, smart contracting, and asymmetric encryption to ensure network security, transparency and visibility. Blockchain has immense potential to transform supply chain (SC) functions, from SC provenance, business process reengineering to security enhancement. More and more studies exploring the use of blockchain in SCs have appeared in recent years. In this paper, we consider a total of 178 articles and examine all the relevant research done in the field associated with the use of blockchain integration in SC operations. We highlight the corresponding opportunities, possible societal impacts, current state-of-the-art technologies along with major trends and challenges. We examine several industrial sectors such as shipping, manufacturing, automotive, aviation, finance, technology, energy, healthcare, agriculture and food, e-commerce, and education among others that can be successfully revamped with blockchain based technologies through enhanced visibility and business process management. A future research agenda is established which lays the solid foundation for further studies on this important emerging research area.

Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework

Through a systematic review of publications in reputed peer-reviewed journals, this paper investigates the role of blockchain technology in sustainable supply chain management. It uses the What, Who, Where, When, How, and Why (5W+1H) pattern to formulate research objectives and questions. The review considers publications since 2015, and it includes 187 papers published in 2017, 2018, 2019, and the early part of 2020, since no significant publications were found in the year 2015 or 2016 on this subject. It proposes a reusable classification framework—emerging technology literature classification level (ETLCL) framework—based on grounded theory and the technology readiness level for conducting literature reviews in various focus areas of an emerging technology. Subsequently, the study uses ETLCL to classify the literature on our focus area. The results show traceability and transparency as the key benefits of applying blockchain technology. They also indicate a heightened interest in blockchain-based information systems for sustainable supply chain management starting since 2017. This paper offers invaluable insights for managers and leaders who envision sustainability as an essential component of their business. The findings demonstrate the disruptive power and role of blockchain-based information systems. Given the relative novelty of the topic and its scattered literature, the paper helps practitioners examining its various aspects by directing them to the right information sources.

The effect of collaboration and IT competency on reverse logistics competency - Evidence from Brazilian supply chain executives

Business models have being designed, worldwide, to create sustainability competencies and in particular to incorporate reverse logistics, but Brazilian executives have not yet fully adhered to Law 12,305 on solid waste and reverse logistics. What would be the Brazilian executives' perception about reverse logistics competency and the support provided by a collaborative and IT competency? The objective of the paper is to investigate the effects of collaboration and IT competency in developing reverse logistics competency, as a strategy, and its consequences in economic and environmental performance. A survey was performed with 320 Brazilian supply chain executives and analyzed using Structural Equation Modeling. The models demonstrated that collaboration has a direct positive influence on the development of reverse logistics competency, by executives' point of view. The moderation effect between collaboration and IT competency for reverse logistics was not confirmed, since it was adopted a strategic view of reverse logistics. Therefore, despite there was not a moderation effect, IT presented a lower direct effect on reverse logistics competency. Results reinforce that organizations that develop reverse logistics competency tend to improve their economic and environmental performances.

How do Partners Benefit from IT Use in Supply-Chain Management: An Empirical Study of Taiwan’s Bicycle Industry

To be sustainable and growing amongst uncertain environments and intensive global competition, supply-chain network leaders have established supply-chain management systems (SCMS) to leverage the resources and knowledge of their partners to achieve greater supply-chain capabilities (SCC) to respond to market changes and complexity. Although several studies have investigated the benefits to network leaders from these systems in various industries, little attention has been paid to the delivery of substantial benefits and advantages to its partners. Based on information technology (IT) applications and SCC literature, this paper proposes a model relating partners use of SCMS to benefits. Data from 168 partners using an SCMS implemented by a leading bicycle supply chain in Taiwan to test the hypotheses that SCC and operational performance has a mediating role linking SCMS use in order to affect a partner’s performance. The results indicate that SCMS implementation has a significant impact on SCC, which in turn create a significant positive effect on operational (sustainable) performance, ultimately leading to improved growth rate and profitability in partners. Another interesting finding of the research is that SCMS cannot directly affect financial performance. In addition, from sustainable performance aspects, it is revealed that IT enables supply chain management (SCM) to achieve environmental value through information sharing (up and down), process integration (vertical and horizontal) and automation (i.e., planning, operation and control). This finding highlights the importance for maximizing benefits and sustainability for the whole supply-chain partners, the IT implementation must be integrated with the sustainable development goals and inserted in the eco-operation supply-chain platform process. The results also contribute to the debate in prior studies by disclosing why so many partners could not find to gain benefit from these IT implementations. Furthermore, this study represents the first attempt to examine how partners benefit from IT use in SCC for traditional industry.

Analysis of Evaluation Methods of Sustainable Supply Chain Management in Production Engineering Journals with High Impact

Nowadays, scholars need to know the trends for specific themes and how the main methods are applied to solve the gaps. The research problem for this work is the assessment of methods used in the sustainable supply chain, published in journals with a high impact factor and especially in the production engineering field. The methodology utilized was an adapted version of the “Methodi Ordinatio”, in structured stages to select a limited class of papers of high scientific relevance, to show how the methods are being used. The search steps included the filtering of journals in the research field with relevant impact factors and selecting databases and keywords; reading titles and abstracts; classifying the number of citations; and critical reading of all papers listed in the bibliographic portfolio. The research results and analysis of frequency of papers in the portfolio were used to identify and describe the most commonly used evaluation methods, the correlated theories, advantages, and disadvantages of each researched work.

Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit

This paper explores a potential paradigm shift in trade finance utilizing blockchain technology. Traditionally, the centralized operating model has governed trade finance and the manner in which traders handle business processes. However, such heavy reliance on centralized authorities has made for poor performance, the lack of flexibility and transparency, and vulnerability to malicious alteration. The blockchain, as a distributed ledger technology (DLT), has attracted growing attention and has the potential to disrupt legacy finance procedures such as payment by letter of credit (L/C). International trade players may benefit from the technological reengineering of financial processes through the implementation of blockchain- and smart contract-based platforms. From the conceptual perspective of a paradigm shift, this study analyzes the feasibility of blockchain innovation in trade finance through modern blockchain-based L/C initiatives. Moreover, this study also explores blockchain applications in terms of logistics tracking and how it integrates with trade finance procedures. This study contributes to the understanding of a blockchain paradigm shift with a multi-case study. The results may illuminate the potential future application of blockchain finance and provide researchers with an illustrative example of other finance-related capabilities. Studies of trade-related topics such as customs clearances, insurance, and logistics applications need to be addressed in the future to create a comprehensively trustless environment and facilitate the automation of trade.