The Role of Blockchain in Sustainable Performance for MSMEs in Indonesia

Abstract

Objective: The very exponential development of technology in the current era as well as disruption technology makes the challenges of industry 4.0 both a challenge and an opportunity that must be faced by MSMEs in Indonesia to ensure the competitive ability of SMEs in competing in a wider market. Theoretical Framework: This research aims to determine the influence of the role of blockchain in sustainable performance for MSMEs in Indonesia. Method: The research is exploratory descriptive research with a quantitative grounded theory approach. The grounded theory approach is an approach that prioritizes empirical findings which are used as a tool to narrate research results so that the results are more complete. The research sample was SMEs, totaling 150 respondents. Results and Discussion: The results of this research analysis have foundSupply chain and financial performance influence blockchain technology. Supply chains and financial performance also influence sustainable performance. Blockchain technology has an influence on sustainable performance. Blockchain technology is able to mediate the relationship between supply chain and financial performance towards sustainable performance. Research Implications: The growth of SMEs in Indonesia cannot be separated from the role of financing institutions, both from the banking and non-banking sectors. Thus, technological developments need to be responded to positively in an effort to create business sustainability. Originality/Value:In further research, new variables can be added that have not been studied in this research.