Digitizing global supply chains through blockchain

Komal Rauniyar, Xiaobo Wu, Shivam Gupta, Sachin Modgil and Ajay Kumar ()
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Komal Rauniyar: Zhejiang University [Hangzhou, China]
Xiaobo Wu: Zhejiang University [Hangzhou, China]
Shivam Gupta: NEOMA - Neoma Business School
Sachin Modgil: IMI Kolkata - International Management Institute
Ajay Kumar: EM - EMLyon Business School

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Abstract: The objective of this paper is to understand the industry perspective towards the benefits of embedding blockchain technology (BCT) in global supply chains (GSC). A qualitative approach with the view of transaction cost economics (TCE) and diffusion of innovation (DOI) theory is applied. Semi-structured interviews with 23 industry experts showcased the benefits of application of BCT into GSC and this yielded interesting themes and sub-themes using the thematic analyses first yielding, the critical issues and challenges in traditional supply chains (TSC) and second, how BCT can contribute to overcome these challenges to support digital GSC; and third, possible challenges adapting BCT. This study advances the supply chain decision making complemented with elements of TCE and DOI theory through the application of BCT. GSC managers can deploy BCT integrated with the Internet of Things to effectively meet worldwide supply chain demands and complex situations.

Keywords: Digital supply chain; global supply chain; blockchain; diffusion of innovation theory; transaction cost economics (search for similar items in EconPapers)
Date: 2024-12-09
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Published in Production Planning and Control, 2024, 35 (16), 2327-2348 p. ⟨10.1080/09537287.2023.2189614⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04325732

DOI: 10.1080/09537287.2023.2189614

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