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A Critical Literature Review on Blockchain Technology Adoption in Supply Chains

Author

Listed:
  • Simon Wong

    (Division of Science, Engineering and Health Studies, College of Professional and Continuing Education, The Hong Kong Polytechnic University, Hong Kong, China)

  • John Kun Woon Yeung

    (Data Science Academy, Hong Kong, China)

  • Yui-Yip Lau

    (Division of Business and Hospitality Management, College of Professional and Continuing Education, The Hong Kong Polytechnic University, Hong Kong, China)

  • Tomoya Kawasaki

    (Department of Systems Innovation, The University of Tokyo, Tokyo 113-8656, Japan)

  • Raymond Kwong

    (Department of Social Sciences, Hong Kong Metropolitan University, Hong Kong, China)

Abstract

Inspired by the discontinuation of the blockchain platform TradeLens, co-developed by IBM and Maersk, due to the lack of the involved supply chain stakeholders’ adoption, a critical literature review on the models of supply chain stakeholders’ adoption of blockchain applications was conducted. This review is significant as it provides insights into the exploration of a more universal approach to investigate which factors really influence blockchain adoption, which is a pre-requisite for the technical sustainability of blockchain technology in supply chains. As observed in the review, the technology acceptance model (TAM), the technology–organization–environment (TOE) framework, and the unified theory of acceptance and use of technology (UTAUT) are frequently used in the literature, but little attention has been paid to whether blockchain technology fits the users’ tasks in understanding blockchain adoption in the supply chain. Among the technology adoption theories, task–technology fit (TTF) considers whether a technology fits the tasks, but only two previous studies involved the use of TTF. This study discusses the suitability of these existing models of technology adoption for blockchain applications in supply chains and comes up with a new unified model, namely TOE-TTF-UTAUT. This review also has implications for a more appropriate conceptual research design using mixed methods.

Suggested Citation

  • Simon Wong & John Kun Woon Yeung & Yui-Yip Lau & Tomoya Kawasaki & Raymond Kwong, 2024. "A Critical Literature Review on Blockchain Technology Adoption in Supply Chains," Sustainability, MDPI, vol. 16(12), pages 1-40, June.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:12:p:5174-:d:1417085
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    References listed on IDEAS

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