Factors influencing blockchain adoption in supply chain management practices: A study based on the oil industry

Abstract

Planning to adopt the Blockchain is very active in many industries, especially in supply chains. Researchers believe that the Radio-frequency identification (RFIDs), yesterday’s Blockchain, is now obsolete. The strongest reason that the Blockchain is the tool of this era is its unique features; real-time information sharing, cyber-security, transparency, reliability, traceability, and visibility, all of which boost the supply-chain performance. Despite the extensive literature on Blockchain, in recent years, no clear framework has defined whether a supply chain should implement Blockchain or not. This study attempts to fill this gap by proposing a framework for complex supply chain networks. In doing so, first, we identified the supply-chain practices of the oil industry in Pakistan, then we empirically analyzed the impact of these practices on operational performance. The results show that the supply chain management (SCM) practices positively impact operational performance. On the other hand, with the help of literature, we identified different Blockchain features and their influence on different supply chain practices. This study guides managers and decision-makers to evaluate their current supply-chain practices and understand the relationship between supply-chain practices and Blockchain features, and how different Blockchain features can help improving supply-chain practices and ultimately improving operational performance.

Keywords

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• O350