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Understanding blockchain technology for future supply chains: a systematic literature review and research agenda

Wang, Yingli, Han, Jeong Hugh and Beynon-Davies, Paul 2019. Understanding blockchain technology for future supply chains: a systematic literature review and research agenda. Supply Chain Management: An International Journal 24 (1) , pp. 62-84. 10.1108/SCM-03-2018-0148

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Abstract

Abstract Purpose: This paper investigates the way in which blockchain technology is likely to influence future supply chain practices and policies. Design/methodology/approach: A systematic review of both academic and practitioner literature was conducted. Multiple accounts of blockchain adoption within industry were also consulted to gain further insight. Findings: While blockchain technologies remain in their infancy, they are gaining momentum within supply chains, trust being the predominant factor driving their adoption. The value of such technologies for supply chain management lies in four areas: extended visibility and traceability, supply chain digitalisation and disintermediation, improved data security and smart contracts. Several challenges and gaps in understanding and opportunities for further research are identified by our research. How a blockchain enabled supply chain should be configured has also been explored from a design perspective. Research limitations/implications: Our systematic review focuses on the diffusion of blockchain technology within supply chains and great care was taken in selecting search terms. However, we acknowledge that our choice of terms may have excluded certain blockchain articles from this review. Practical implications: This paper offers valuable insight for supply-chain practitioners into how blockchain technology has the potential to disrupt existing supply chain provisions as well as a number of challenges to its successful diffusion. Originality/value: Ours is one of the first studies to examine the current state of blockchain diffusion within supply chains. It lays a firm foundation for future research. Keywords: blockchain, distributed ledger technology, supply chain management, peer-to-peer communication, systematic literature review

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HF Commerce
Publisher: Emerald
ISSN: 1359-8546
Date of First Compliant Deposit: 8 October 2018
Date of Acceptance: 4 October 2018
Last Modified: 27 Jun 2019 08:19
URI: http://orca.cf.ac.uk/id/eprint/115569

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