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The role of blockchain technology in the integration of sustainability practices across multi-tier supply networks: implications and potential complexities

Author

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  • Mohammad Najjar
  • Ihab H. Alsurakji
  • Amjad El-Qanni
  • Abdulnaser I. Nour

Abstract

Global supply networks encompass many inter-connected suppliers. Many of these suppliers are unpredictable and beyond the direct realm of the company, making the management of sustainability a difficult task. This research attempts to put forth a profound exploration of the integration of sustainability across complex multi-tier supply networks through the utilization of blockchain technology. The research includes a selected literature review compromising well-cited research that focuses on multi-tier supply networks and blockchain technology. The findings suggest that blockchain can enhance suppliers’ visibility. Managers will have increased transparency and traceability of their global supply networks, which will eventually reduce information asymmetry and limit opportunistic behaviors. Furthermore, the connectivity and rapid/immutable sustainable information sharing features associated with blockchain increase suppliers’ predictability and create robust sustainable supply networks. Despite the potential benefits enabled by the technology, the research highlights some vital complexities that may obstruct the adoption of the technology across multi-tier supply networks.

Suggested Citation

  • Mohammad Najjar & Ihab H. Alsurakji & Amjad El-Qanni & Abdulnaser I. Nour, 2023. "The role of blockchain technology in the integration of sustainability practices across multi-tier supply networks: implications and potential complexities," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 13(1), pages 744-762, January.
    • Handle: RePEc:taf:jsustf:v:13:y:2023:i:1:p:744-762
    DOI: 10.1080/20430795.2022.2030663
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    Cited by:

    1. Yang Dong & Haiying Pan, 2023. "Enterprise Audits and Blockchain Technology," SAGE Open, , vol. 13(4), pages 21582440231, December.
    2. Zhong, Ziqi & Zhao, Elena Yifei, 2024. "Collaborative driving mode of sustainable marketing and supply chain management supported by metaverse technology," LSE Research Online Documents on Economics 121160, London School of Economics and Political Science, LSE Library.
    3. Javeed, Sohail Ahmad & Akram, Umair, 2024. "The factors behind block-chain technology that boost the circular economy: An organizational perspective," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    4. Weili Yin & Wenxue Ran, 2023. "Explaining Firm Performance During the COVID-19 With fsQCA: The Role of Supply Network Complexity, Inventory Turns, and Geographic Dispersion," SAGE Open, , vol. 13(2), pages 21582440231, June.
    5. Nguyen Phu Giang & Hoang Thi Tam, 2023. "Impacts of Blockchain on Accounting in the Business," SAGE Open, , vol. 13(4), pages 21582440231, December.
    6. Banu Dincer & Ayşe İrem Keskin & Caner Dincer, 2023. "Nexus between Sustainability Reporting and Firm Performance: Considering Industry Groups, Accounting, and Market Measures," Sustainability, MDPI, vol. 15(7), pages 1-13, March.

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