A multi-criteria approach to blockchain in supply chain management assessment: entropy-CRITIC weight method and MCDM for enhanced decision support

Salaj () and Mina Kumari ()
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Salaj: K. R. Mangalam University Gurugram
Mina Kumari: K. R. Mangalam University Gurugram

International Journal of System Assurance Engineering and Management, 2025, vol. 16, issue 5, No 10, 1830-1843

Abstract: Abstract Blockchain technology has gained significant responsiveness in the field of supply chain management owing to its potential to enhance limpidity, security, and efficiency in global network. Global Blockchain in Supply chain Management networks are rapidly adopted by app builders and technology integrators, enabling clients to perform a wide range of tasks in any sector because they offer flexible capabilities like intelligent contracts and decentralized software. But given the number of varied elements, it is challenging to choose a suitable and practical open source Blockchain in Supply chain Management technology due to the immaturity of the technology's environments. This essay outlines and ranks the best publicly accessible Blockchain in Supply chain Management systems using a multi-criteria decision-making (MCDM) approach. To do this, the researcher introduces ECWM, a novel load distribution method that combines volatility with CRITIC of sustainable supply chain. On a variety of datasets containing sixteen attributes (i.e., markers indicating what to look for), the researcher used ECWM. Several prominent digital currencies have adopted the Blockchain in Supply chain Management protocol. The researcher utilizes the WSM, TOPSIS, and a method known as VIKOR, to produce rankings of sustainable supply chain. Since these methods result in different ranks, Spearman’s correlation method has been employed between ranks. The rankings are carefully assessed in each sector.

Keywords: Entropy; Blockchain; VIKOR; TOPSIS; Entropy weighted method (EWM); VCM (variation coefficient method) (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s13198-025-02764-x

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