Blockchain adoption challenges in supply chain

Abstract

Blockchain is proving to be a game changer in supply chain management; with expectations, it may change the competitive landscape within the global business arena. In a complex supply chain network, blockchain has the potential to address numerous disruptions such as inefficient transactions, fraud, pilferage, lack of trust, poor information sharing and verifiability, all of which lead to inferior supply chain performance. However, there are many impediments hindering the widespread adoption of blockchain in global supply chains. While studies on blockchain technology have gained popularity, the focus on blockchain adoption challenges in the global supply chain is lacking. Considering this gap in the literature, this study aims to identify and prioritise blockchain adoption challenges in the global supply chain through an extensive literature review. We use our findings here to develop a conceptual model. After which, the fuzzy analytic hierarchy process (AHP) is used to prioritise challenges using expert opinion. Theoretical and managerial significance are then discussed.