Adoption Factors of Blockchain in Indian Agriculture Supply Chain Management Analysis using EFA

Nishanth Rao Dugyala, Abishek Rauniyar, Mary Subaja Christ and Atul Kumar Singh
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Nishanth Rao Dugyala: Department of Data Science and Business Systems, College of Engineering and Technology, SRM Institute of Science and Technology, Kattankulathur 603203, Tamil Nadu, India
Abishek Rauniyar: Department of Civil Engineering, College of Engineering and Technology, SRM Institute of Science and Technology, Kattankulathur, Tamil Nadu 603203, India
Mary Subaja Christ: Department of Networking and communications, School of Computing, SRM Institute of Science & Technology, Kattakulathur, Tamil Nadu 603203, India
Atul Kumar Singh: Department of Civil Engineering, Dayananda Sagar College of Engineering, Bengaluru, Karnataka, 560111, India

Energy Technologies and Environment, 2024, vol. 2, issue 2, 1-14

Abstract: The global agricultural supply chain grapples with inherent challenges, including opacity, inefficiency, and ethical concerns, necessitating innovative solutions, particularly within Indian Agriculture Supply Chain Management. Despite these challenges, a notable research gap emerges due to the limited exploration of adoption factors specific to the Indian agricultural context. To bridge this gap, a comprehensive investigation is initiated to delve into the nuanced dynamics of blockchain technology adoption in the Indian agricultural supply chain. The primary aim of this study is to provide insights into these adoption dynamics, employing a three-stage methodology. Starting with an extensive literature review to identify key adoption factors, the study then distributed a well-crafted questionnaire to 200 respondents, yielding 150 complete and analyzable responses. The chosen methodologies, including a one-sample t-test and exploratory factor analysis, allow for a quantitative assessment of the significance of various factors. The study's findings reveal crucial dimensions influencing blockchain adoption, such as perceived benefits, ease of use, trust, efficiency, ethical considerations, data security, integrity, regulatory compliance, and collaboration and stakeholder engagement, providing a comprehensive understanding of the adoption landscape. In conclusion, this research significantly contributes to comprehending the nuanced adoption dynamics of blockchain technology in the Indian agricultural supply chain, supported by a substantial sample size and robust methodological choices. The implications extend to stakeholders navigating the evolving agricultural supply chain, offering valuable insights for future research, policy considerations, and practical strategies, with a central focus on fostering transparency, efficiency, and ethical standards to address global agricultural supply chain challenges.

Keywords: Blockchain technologies; supply chain management; agriculture supply chain management; EFA (search for similar items in EconPapers)
Date: 2024
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