An Integrated Impact of Blockchain on Supply Chain Applications

Ieva Meidute-Kavaliauskiene, Bülent Yıldız, Şemsettin Çiğdem and Renata Činčikaitė
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Ieva Meidute-Kavaliauskiene: General Jonas Žemaitis Military Academy of Lithuania, Silo St. 5A, LT-10322 Vilnius, Lithuania
Bülent Yıldız: Faculty of Economics and Administrative Sciences, Kastamonu University, Kastamonu 37150, Turkey
Şemsettin Çiğdem: Faculty of Economics and Administrative Sciences, Gaziantep University, Gaziantep 27310, Turkey
Renata Činčikaitė: General Jonas Žemaitis Military Academy of Lithuania, Silo St. 5A, LT-10322 Vilnius, Lithuania

Logistics, 2021, vol. 5, issue 2, 1-18

Abstract: Market conditions have become increasingly dynamic and demanding, resulting in a challenging competitive environment. To adapt to this dynamic environment, supply chains have become increasingly reliant on collaboration, integration, flexibility, and trust between stakeholders. Therefore, the importance of new technological applications in supply chains has grown even more. To improve supply chain flow control, modern specialized applications must be implemented. Blockchain technology has established itself as a necessary component of today’s competitive environment. Companies should invest in blockchain technology to respond quickly to changing market conditions and demands in today’s dynamic business environment. In this regard, this study investigates the effect of blockchain technology utilization on supply chain transparency, supply chain flexibility, and trust in suppliers. For this purpose, first, data were collected from the first 1000 exporting firms declared in 2019 by the Turkey Exporters Assembly using a survey method. Secondly, factor analyses and regression analyses were performed with the dataset obtained from 84 companies. As a result of the analysis, it was determined that blockchain technology utilization increases transparency, flexibility, and trust in supply chains. According to these results, it is suggested that companies should invest in blockchain technology to make their supply chain more transparent, flexible, and secure. Moreover, blockchain plays a crucial role in building mutual trust with supply chain stakeholders. Finally, the research includes some considerations on the positive implications and potential of blockchain in collaboration and integration.

Keywords: blockchain; supply chain transparency; supply chain flexibility; trust; integration; collaboration (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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