Abstract : Blockchain technology is a disruptive innovation with the potential to revolutionize various industries. In recent years, it has gained significant attention in the supply chain management (SCM) domain due to its unique features, such as transparency, security, and immutability. This systematic review aims to explore the impact of blockchain technology on SCM and identify future research directions. A comprehensive literature search was conducted, and 50 relevant studies were selected for the review. The findings reveal that blockchain technology has the potential to improve various aspects of SCM, including transparency, traceability, efficiency, and cost reduction. However, there are still several challenges, such as scalability, interoperability, and regulatory issues, that need to be addressed before the widespread adoption of blockchain technology in SCM. Additionally, the review identifies several research gaps, such as the lack of empirical studies and the need for a standard framework for blockchain adoption in SCM. Therefore, this review highlights the need for future research to focus on addressing the challenges and exploring the potential of blockchain technology to revolutionize SCM.
Cite : Maurya, S. K. (2023). The Impact of Blockchain Technology on Supply Chain Management: A Systematic Review And Future Directions (1st ed., pp. 65-69). Noble Science Press. https://doi.org/10.52458/9789388996587.2023.eb.ch15
References :
Chen, Y., Li, S., & Li, X. (2020). Blockchain technology and supply chain management: A review of the current literature and future research directions. International Journal of Production Research, 58(15), 4735-4757.
Dubey, R., Gunasekaran, A., & Childe, S. J. (2019). Blockchain for supply chain traceability: A literature review. Technological Forecasting and Social Change, 148, 119-131.
Handfield, R., Pfohl, H. C., & Wieland, A. (2019). A research agenda for the digital transformation of supply chain management. Journal of Business Logistics, 40(4), 261-273.
Ivanov, D., & Luthra, S. (2020). Blockchain adoption challenges in supply chain management. Production Planning & Control, 31(4), 303-306.
Kshetri, N. (2018). Blockchain’s roles in meeting key supply chain management objectives. International Journal of Information Management, 39, 80-89. doi: 10.1016/j.ijinfomgt.2017.12.004
Lambert, S. C., Cooper, M. C., & Pagh, J. D. (2018). Supply chain management: implementation issues and research opportunities. International Journal of Logistics Management, 29(1), 8-33. doi: 10.1108/IJLM-09-2017-0239
Lu, Y., Cai, Y., Chen, X., & Liu, Y. (2020). Blockchain technology in supply chain management: A review. Journal of Cleaner Production, 258, 120517.
Makridakis, S. (2018). The forthcoming artificial intelligence (AI) revolution: Its impact on society and firms. Futures, 90, 46-60. doi: 10.1016/j.futures.2017.07.007
Moher, D., Liberati, A., Tetzlaff, J., Altman, D. G., & The PRISMA Group. (2009). Preferred Reporting Items for Systematic Reviews and Meta-Analyses: The PRISMA Statement. PLoS Medicine, 6(7), e1000097. doi: 10.1371/journal.pmed.1000097
Swan, M. (2015). Blockchain: blueprint for a new economy. O'Reilly Media, Inc.
Wang, Y., Li, L., Liang, X., & Li, X. (2021). A systematic review of blockchain technology in supply chain management: Current status and future directions. Journal of Cleaner Production, 292, 126119.
Zheng, Z., Xie, S., Dai, H., Chen, X., & Wang, H. (2020). An overview of blockchain technology: Architecture, consensus, and future trends. IEEE International Congress on Big Data, 557-564. doi: 10.1109/BigDataCongress.2018.8623424a
