Open AccessImplementing Blockchain Technology in Supply Chain Management
Author(s) -
Atul Anand,
A Seetharaman,
K Maddulety
Publication year - 2022
Language(s) - English
Resource type - Conference proceedings
DOI - 10.5121/csit.2022.120713
Subject(s) - blockchain , supply chain , supply chain management , business , structural equation modeling , process management , supply chain risk management , industrial organization , knowledge management , computer science , service management , marketing , computer security , machine learning
This paper is aimed at studying the factors influencing the implementation of blockchain in supply chain management to solve the current issues faced in the supply chain ecosystem. Supply chains are part and parcel of every business and have multiple inefficiencies in the system. Some of these inefficiencies can be managed by usage of blockchain Platform .Technology, intracompany synergies, intercompany collaboration, extrinsic factors, and innovation are critically evaluated for adoption of blockchain in supply chain. A pilot study is conducted in form survey for analysis of these factors. Hypotheses are derived for these factors for quantitative research. Subsequently these hypotheses are examined with the help of ADANCO2.3 for structural equation modelling. As an outcome, it is evident that Innovation and Extrinsic factors are significantly impacting the adoption of blockchain in supply chain management.