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Barricades in the Adoption of Block-Chain Technology in Supply Chain Management: Challenges and Benefits

Author

Listed:
  • Pervez Akhtar

    (Faculty of Business, Higher Colleges of Technology, UAE.)

  • Nora Azima

    (Faculty of Business, Higher Colleges of Technology, UAE.)

  • Shahab Ud Din

    (Faculty of Business, Higher Colleges of Technology, UAE.)

Abstract

Blockchain technology, as a distributed digital ledger technology which ensures traceability, security and transparency is displaying potential for easing some comprehensive supply chain problems. Scholars have started analyzing systematically the potential benefits and effects of block-chain on numerous activities of an organization. This paper presents the barricades in the adoption of block-chain technology in supply chain management. The potential benefits of block-chain adoption such as, quality, cost, speed, transparency, durability and immutability are also discussed in this paper. We present the early literature discussing the use of block-chain in the field of supply chain to enhance the accountability and transparency. This study explains the several mechanisms by which supply chain managers can prepare their organizational structure to adopt the latest technology. It further highlights the mechanisms to achieve supply chain objectives. Part of this paper also discusses how blockchains, a potentially disruptive solution which is on its early evolution, can overcome several potential barricades. The future research directions are proposed which can further provide insights into overcoming barriers and adoption of blockchain technology in the field of supply chain management.

Suggested Citation

  • Pervez Akhtar & Nora Azima & Shahab Ud Din, 2021. "Barricades in the Adoption of Block-Chain Technology in Supply Chain Management: Challenges and Benefits," Transnational Marketing Journal, Oxbridge Publishing House, UK, vol. 9(1), pages 3-16, April.
    • Handle: RePEc:mig:tmjrnl:v:9:y:2021:i:1:p:3-16
    DOI: https://doi.org/10.33182/tmj.v9i1.1021
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