IDEAS home Printed from https://ideas.repec.org/a/zbw/hkjalm/200707.html
   My bibliography  Save this article

Benefits and challenges of factors influencing the integration of blockchain technology

Author

Listed:
  • Gottschlich, Florian

Abstract

Research question: What are the benefits and challenges of critical success factors for the German logistics industry when integrating blockchain technology? Methods: A survey with six determined factors and their benefits as well as challenges was conducted to analyze the expectations of logistics professionals in Germany. Results: Cost reduction is achieved by integrating the blockchain through low marginal cost, efficient management of inventory stocks and reduced paperwork. Speed is fostered by reduced interactions and real-time exchange of information. The need of digitalization for the blockchain integration is mostly influenced by the availability of financial resources and integration of hardware components. Transparency, Complexity and Data security were not sufficiently explained.

Suggested Citation

  • Gottschlich, Florian, 2018. "Benefits and challenges of factors influencing the integration of blockchain technology," Journal of Applied Leadership and Management, Hochschule Kempten - University of Applied Sciences, Professional School of Business & Technology, vol. 6, pages 1-17.
    • Handle: RePEc:zbw:hkjalm:200707
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/200707/1/1669393321.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lee, In & Lee, Kyoochun, 2015. "The Internet of Things (IoT): Applications, investments, and challenges for enterprises," Business Horizons, Elsevier, vol. 58(4), pages 431-440.
    2. Hackius, Niels & Petersen, Moritz, 2017. "Blockchain in logistics and supply chain: Trick or treat?," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Digitalization in Supply Chain Management and Logistics: Smart and Digital Solutions for an Industry 4.0 Environment. Proceedings of the Hamburg Inter, volume 23, pages 3-18, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    3. Jun Xu, 2014. "Managing Digital Enterprise," Springer Books, Springer, edition 127, number 978-94-6239-094-2, October.
    4. Lin William Cong & Zhiguo He, 2019. "Blockchain Disruption and Smart Contracts," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 1754-1797.
    5. Hegadekatti, Kartik, 2016. "Analysis of Contracts in Various Formats of Blockchain," MPRA Paper 82868, University Library of Munich, Germany.
    6. Andrew Whitmore & Anurag Agarwal & Li Xu, 2015. "The Internet of Things—A survey of topics and trends," Information Systems Frontiers, Springer, vol. 17(2), pages 261-274, April.
    Full references (including those not matched with items on IDEAS)

    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. Chae, Bongsug (Kevin), 2018. "The Internet of Things (IoT): A Survey of Topics and Trends using Twitter Data and Topic Modeling," 22nd ITS Biennial Conference, Seoul 2018. Beyond the boundaries: Challenges for business, policy and society 190376, International Telecommunications Society (ITS).
    2. Vasja Roblek & Maja Meško & Alojz Krapež, 2016. "A Complex View of Industry 4.0," SAGE Open, , vol. 6(2), pages 21582440166, June.
    3. Ardito, Lorenzo & D'Adda, Diego & Messeni Petruzzelli, Antonio, 2018. "Mapping innovation dynamics in the Internet of Things domain: Evidence from patent analysis," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 317-330.
    4. Cui, Yongfeng & Liu, Wei & Rani, Pratibha & Alrasheedi, Melfi, 2021. "Internet of Things (IoT) adoption barriers for the circular economy using Pythagorean fuzzy SWARA-CoCoSo decision-making approach in the manufacturing sector," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    5. Cranmer, Eleanor E. & Papalexi, M. & tom Dieck, M. Claudia & Bamford, D., 2022. "Internet of Things: Aspiration, implementation and contribution," Journal of Business Research, Elsevier, vol. 139(C), pages 69-80.
    6. Roe, Michael & Spanaki, Konstantina & Ioannou, Athina & Zamani, Efpraxia D. & Giannakis, Mihalis, 2022. "Drivers and challenges of internet of things diffusion in smart stores: A field exploration," Technological Forecasting and Social Change, Elsevier, vol. 178(C).
    7. Muna Adilah & Hsin Rau & Katrina Mae Procopio, 2023. "Using an Axiomatic Design Approach to Develop a Product Innovation Process with Circular and Smart Design Aspects," Sustainability, MDPI, vol. 15(3), pages 1-24, January.
    8. Krotov, Vlad, 2017. "The Internet of Things and new business opportunities," Business Horizons, Elsevier, vol. 60(6), pages 831-841.
    9. Le Hoang Son & Sudan Jha & Raghvendra Kumar & Jyotir Moy Chatterjee & Manju Khari, 2019. "Collaborative handshaking approaches between internet of computing and internet of things towards a smart world: a review from 2009–2017," Telecommunication Systems: Modelling, Analysis, Design and Management, Springer, vol. 70(4), pages 617-634, April.
    10. Kamble, Sachin S. & Gunasekaran, Angappa & Parekh, Harsh & Joshi, Sudhanshu, 2019. "Modeling the internet of things adoption barriers in food retail supply chains," Journal of Retailing and Consumer Services, Elsevier, vol. 48(C), pages 154-168.
    11. Caputo, Francesco & Scuotto, Veronica & Carayannis, Elias & Cillo, Valentina, 2018. "Intertwining the internet of things and consumers' behaviour science: Future promises for businesses," Technological Forecasting and Social Change, Elsevier, vol. 136(C), pages 277-284.
    12. Chae, Bongsug (Kevin), 2019. "The evolution of the Internet of Things (IoT): A computational text analysis," Telecommunications Policy, Elsevier, vol. 43(10).
    13. Le, Duc Nha & Le Tuan, Loc & Dang Tuan, Minh Nguyen, 2019. "Smart-building management system: An Internet-of-Things (IoT) application business model in Vietnam," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 22-35.
    14. Jiao Wang & Lima Zhao & Arnd Huchzermeier, 2021. "Operations‐Finance Interface in Risk Management: Research Evolution and Opportunities," Production and Operations Management, Production and Operations Management Society, vol. 30(2), pages 355-389, February.
    15. Huang, Lingyu & Zhou, Tingyuan, 2024. "How does blockchain technology enhance firm operation and cooperation?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 34-49.
    16. Ilya Ivaninskiy & Irina Ivashkovskaya & Joseph A. McCahery, 2023. "Does digitalization mitigate or intensify the principal-agent conflict in a firm?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(3), pages 695-725, September.
    17. Hitoshi Matsushima & Shunya Noda, 2020. "Mechanism Design with Blockchain Enforcement," DSSR Discussion Papers 111, Graduate School of Economics and Management, Tohoku University.
    18. Huo, Dongyang & Malik, Asad Waqar & Ravana, Sri Devi & Rahman, Anis Ur & Ahmedy, Ismail, 2024. "Mapping smart farming: Addressing agricultural challenges in data-driven era," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    19. Arfi, Wissal Ben & Nasr, Imed Ben & Kondrateva, Galina & Hikkerova, Lubica, 2021. "The role of trust in intention to use the IoT in eHealth: Application of the modified UTAUT in a consumer context," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    20. Lin William Cong & Zhiguo He & Jiasun Li & Wei Jiang, 2021. "Decentralized Mining in Centralized Pools [Concentrating on the fall of the labor share]," The Review of Financial Studies, Society for Financial Studies, vol. 34(3), pages 1191-1235.

    More about this item

    Statistics

    Access and download statistics

    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:zbw:hkjalm:200707. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: http://www.journal-alm.org/ .

    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.