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An Integrated Impact of Blockchain on Supply Chain Applications

Author

Listed:
  • Ieva Meidute-Kavaliauskiene

    (General Jonas Žemaitis Military Academy of Lithuania, Silo St. 5A, LT-10322 Vilnius, Lithuania)

  • Bülent Yıldız

    (Faculty of Economics and Administrative Sciences, Kastamonu University, Kastamonu 37150, Turkey)

  • Şemsettin Çiğdem

    (Faculty of Economics and Administrative Sciences, Gaziantep University, Gaziantep 27310, Turkey)

  • Renata Činčikaitė

    (General Jonas Žemaitis Military Academy of Lithuania, Silo St. 5A, LT-10322 Vilnius, Lithuania)

Abstract

Market conditions have become increasingly dynamic and demanding, resulting in a challenging competitive environment. To adapt to this dynamic environment, supply chains have become increasingly reliant on collaboration, integration, flexibility, and trust between stakeholders. Therefore, the importance of new technological applications in supply chains has grown even more. To improve supply chain flow control, modern specialized applications must be implemented. Blockchain technology has established itself as a necessary component of today’s competitive environment. Companies should invest in blockchain technology to respond quickly to changing market conditions and demands in today’s dynamic business environment. In this regard, this study investigates the effect of blockchain technology utilization on supply chain transparency, supply chain flexibility, and trust in suppliers. For this purpose, first, data were collected from the first 1000 exporting firms declared in 2019 by the Turkey Exporters Assembly using a survey method. Secondly, factor analyses and regression analyses were performed with the dataset obtained from 84 companies. As a result of the analysis, it was determined that blockchain technology utilization increases transparency, flexibility, and trust in supply chains. According to these results, it is suggested that companies should invest in blockchain technology to make their supply chain more transparent, flexible, and secure. Moreover, blockchain plays a crucial role in building mutual trust with supply chain stakeholders. Finally, the research includes some considerations on the positive implications and potential of blockchain in collaboration and integration.

Suggested Citation

  • Ieva Meidute-Kavaliauskiene & Bülent Yıldız & Şemsettin Çiğdem & Renata Činčikaitė, 2021. "An Integrated Impact of Blockchain on Supply Chain Applications," Logistics, MDPI, vol. 5(2), pages 1-18, June.
    • Handle: RePEc:gam:jlogis:v:5:y:2021:i:2:p:33-:d:567163
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    References listed on IDEAS

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    Cited by:

    1. Sara Rye, 2022. "Analysis of the Disparity between Recurring and Temporary Collaborative Performance: A Literature Review between 1994 and 2021," Logistics, MDPI, vol. 6(4), pages 1-16, October.
    2. Pedro Azevedo & Jorge Gomes & Mário Romão, 2023. "Supply chain traceability using blockchain," Operations Management Research, Springer, vol. 16(3), pages 1359-1381, September.
    3. Ziyuan Xie & Guixian Tian & Yongchao Tao, 2022. "A Multi-Criteria Decision-Making Framework for Sustainable Supplier Selection in the Circular Economy and Industry 4.0 Era," Sustainability, MDPI, vol. 14(24), pages 1-23, December.
    4. Ryan Lee & Moayad Shammut & Julian Allen & Xing Gao & Tianren Yang & Mengqiu Cao, 2021. "Investigating the Implications of the London Heathrow Airport Expansion for the Landside Freight Industry," Logistics, MDPI, vol. 5(3), pages 1-18, July.
    5. Marco Francesco Mazzù & Angelo Baccelloni & Ludovico Lavini, 2022. "Injecting trust in consumer purchase intention through blockchain: evidences from the food supply chain," Italian Journal of Marketing, Springer, vol. 2022(4), pages 459-482, December.

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