IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i23p15543-d980816.html
   My bibliography  Save this article

Adoption of Blockchain Technology Facilitates a Competitive Edge for Logistic Service Providers

Author

Listed:
  • Adeeb Noor

    (Department of Information Technology, Faculty of Computing and Information Technology, King Abdulaziz University, Jeddah 80221, Saudi Arabia)

Abstract

Blockchain is attracting tremendous attention in the logistics industry on account of its cutting-edge appeal, potential for integration within the sector, and capacity to disrupt established practices. Among other things, blockchain technology promises to open up new horizons in traceability, transparency, accuracy, and safety throughout the supply chain. However, as an emerging technology, blockchain is still relatively nascent, and familiarity with the technology is limited, as are its implementations. In addition, there is a dearth of studies concerning blockchain technology specifically, as it pertains to transport and logistics, as opposed to finance and cryptocurrency. It remains unknown what factors enable blockchain adoption by logistics service providers and how its adoption affects firm performance and capabilities. This research examines extant literature and conducts research on an eminent global transportation company to elucidate the potential influence of blockchain adoption on firm performance. The results of this work support the model that advancing theory-driven and empirical blockchain studies will increase firm capabilities and foster a competitive edge in the emerging digitalized era.

Suggested Citation

  • Adeeb Noor, 2022. "Adoption of Blockchain Technology Facilitates a Competitive Edge for Logistic Service Providers," Sustainability, MDPI, vol. 14(23), pages 1-18, November.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:23:p:15543-:d:980816
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/23/15543/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/23/15543/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Orji, Ifeyinwa Juliet & Kusi-Sarpong, Simonov & Huang, Shuangfa & Vazquez-Brust, Diego, 2020. "Evaluating the factors that influence blockchain adoption in the freight logistics industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 141(C).
    2. Sara Saberi & Mahtab Kouhizadeh & Joseph Sarkis & Lejia Shen, 2019. "Blockchain technology and its relationships to sustainable supply chain management," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 2117-2135, April.
    3. Mahtab Kouhizadeh & Joseph Sarkis, 2018. "Blockchain Practices, Potentials, and Perspectives in Greening Supply Chains," Sustainability, MDPI, vol. 10(10), pages 1-16, October.
    4. Kühn, Oliver & Jacob, Axel & Schüller, Michael, 2019. "Blockchain adoption at German logistics service providers," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Artificial Intelligence and Digital Transformation in Supply Chain Management: Innovative Approaches for Supply Chains. Proceedings of the Hamburg Int, volume 27, pages 387-411, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    5. Dutta, Pankaj & Choi, Tsan-Ming & Somani, Surabhi & Butala, Richa, 2020. "Blockchain technology in supply chain operations: Applications, challenges and research opportunities," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 142(C).
    6. Richard Skiba, 2020. "Blockchain Technology as a Health and Safety Contributor in the Transport and Logistics Industry – Human Resource Requirements," Post-Print halshs-02890350, HAL.
    7. Moritz Berneis & Devis Bartsch & Herwig Winkler, 2021. "Applications of Blockchain Technology in Logistics and Supply Chain Management—Insights from a Systematic Literature Review," Logistics, MDPI, vol. 5(3), pages 1-15, June.
    8. Edvard Tijan & Saša Aksentijević & Katarina Ivanić & Mladen Jardas, 2019. "Blockchain Technology Implementation in Logistics," Sustainability, MDPI, vol. 11(4), pages 1-13, February.
    9. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    10. Maher Agi & Ashish Kumar Jha, 2022. "Blockchain technology in the supply chain: An integrated theoretical perspective of organizational adoption," Post-Print hal-03602937, HAL.
    11. Zhi-Peng Li & Hyi-Thaek Ceong & Sang-Joon Lee, 2021. "The Effect of Blockchain Operation Capabilities on Competitive Performance in Supply Chain Management," Sustainability, MDPI, vol. 13(21), pages 1-24, November.
    12. Morkunas, Vida J. & Paschen, Jeannette & Boon, Edward, 2019. "How blockchain technologies impact your business model," Business Horizons, Elsevier, vol. 62(3), pages 295-306.
    13. Agi, Maher A.N. & Jha, Ashish Kumar, 2022. "Blockchain technology in the supply chain: An integrated theoretical perspective of organizational adoption," International Journal of Production Economics, Elsevier, vol. 247(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muddassar Sarfraz & Kausar Fiaz Khawaja & Heesup Han & Antonio Ariza-Montes & Juan Manuel Arjona-Fuentes, 2023. "Sustainable supply chain, digital transformation, and blockchain technology adoption in the tourism sector," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    2. Małgorzata Zysińska & Jolanta Żak, 2023. "A Sustainable Method for Evaluating the Activity of Logistics Service Providers (LSPs) in a Turbulent Environment—Case Study Analysis (2020–2021)," Energies, MDPI, vol. 16(4), pages 1-25, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yadav, Amit Kumar & Shweta, & Kumar, Dinesh, 2023. "Blockchain technology and vaccine supply chain: Exploration and analysis of the adoption barriers in the Indian context," International Journal of Production Economics, Elsevier, vol. 255(C).
    2. Zhu, Qingyun & Bai, Chunguang & Sarkis, Joseph, 2022. "Blockchain technology and supply chains: The paradox of the atheoretical research discourse," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
    3. Seyyed-Alireza Radmanesh & Alireza Haji & Omid Fatahi Valilai, 2023. "Blockchain-Based Architecture for a Sustainable Supply Chain in Cloud Architecture," Sustainability, MDPI, vol. 15(11), pages 1-19, June.
    4. Bai, Chunguang & Zhu, Qingyun & Sarkis, Joseph, 2021. "Joint blockchain service vendor-platform selection using social network relationships: A multi-provider multi-user decision perspective," International Journal of Production Economics, Elsevier, vol. 238(C).
    5. Mangla, Sachin Kumar & Kazancoglu, Yigit & Ekinci, Esra & Liu, Mengqi & Özbiltekin, Melisa & Sezer, Muruvvet Deniz, 2021. "Using system dynamics to analyze the societal impacts of blockchain technology in milk supply chainsrefer," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
    6. Ajay Kumar Pandey & Yash Daultani & Saurabh Pratap, 2024. "Blockchain technology enabled critical success factors for supply chain resilience and sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1533-1554, February.
    7. Weili Yin & Wenxue Ran, 2021. "Theoretical Exploration of Supply Chain Viability Utilizing Blockchain Technology," Sustainability, MDPI, vol. 13(15), pages 1-25, July.
    8. Kumar, Sourabh & Barua, Mukesh Kumar, 2023. "Exploring the hyperledger blockchain technology disruption and barriers of blockchain adoption in petroleum supply chain," Resources Policy, Elsevier, vol. 81(C).
    9. Zhong, Huiling & Zhang, Fa & Gu, Yimiao, 2021. "A Stackelberg game based two-stage framework to make decisions of freight rate for container shipping lines in the emerging blockchain-based market," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
    10. Leng, Jiewu & Ruan, Guolei & Jiang, Pingyu & Xu, Kailin & Liu, Qiang & Zhou, Xueliang & Liu, Chao, 2020. "Blockchain-empowered sustainable manufacturing and product lifecycle management in industry 4.0: A survey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    11. Omar Boutkhoum & Mohamed Hanine & Mohamed Nabil & Fatima El Barakaz & Ernesto Lee & Furqan Rustam & Imran Ashraf, 2021. "Analysis and Evaluation of Barriers Influencing Blockchain Implementation in Moroccan Sustainable Supply Chain Management: An Integrated IFAHP-DEMATEL Framework," Mathematics, MDPI, vol. 9(14), pages 1-23, July.
    12. Vineet Paliwal & Shalini Chandra & Suneel Sharma, 2020. "Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework," Sustainability, MDPI, vol. 12(18), pages 1-39, September.
    13. Sachin Kumar Mangla & Yiğit Kazançoğlu & Abdullah Yıldızbaşı & Cihat Öztürk & Ahmet Çalık, 2022. "A conceptual framework for blockchain‐based sustainable supply chain and evaluating implementation barriers: A case of the tea supply chain," Business Strategy and the Environment, Wiley Blackwell, vol. 31(8), pages 3693-3716, December.
    14. Kirti Nayal & Rakesh D. Raut & Balkrishna E. Narkhede & Pragati Priyadarshinee & Gajanan B. Panchal & Vidyadhar V. Gedam, 2023. "Antecedents for blockchain technology-enabled sustainable agriculture supply chain," Annals of Operations Research, Springer, vol. 327(1), pages 293-337, August.
    15. Sundarakani, Balan & Ajaykumar, Aneesh & Gunasekaran, Angappa, 2021. "Big data driven supply chain design and applications for blockchain: An action research using case study approach," Omega, Elsevier, vol. 102(C).
    16. Awais, Minahil & Afzal, Ayesha & Firdousi, Saba & Hasnaoui, Amir, 2023. "Is fintech the new path to sustainable resource utilisation and economic development?," Resources Policy, Elsevier, vol. 81(C).
    17. Arim Park & Huan Li, 2021. "The Effect of Blockchain Technology on Supply Chain Sustainability Performances," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    18. Niloofar Etemadi & Pieter Van Gelder & Fernanda Strozzi, 2021. "An ISM Modeling of Barriers for Blockchain/Distributed Ledger Technology Adoption in Supply Chains towards Cybersecurity," Sustainability, MDPI, vol. 13(9), pages 1-28, April.
    19. Abderahman Rejeb & John G. Keogh & Suhaiza Zailani & Horst Treiblmaier & Karim Rejeb, 2020. "Blockchain Technology in the Food Industry: A Review of Potentials, Challenges and Future Research Directions," Logistics, MDPI, vol. 4(4), pages 1-26, October.
    20. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:23:p:15543-:d:980816. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.