Abstract
As a disruptive and innovative technology, blockchain will significantly revolutionize how organizations produce and operate as global rivalry intensifies. The global COVID-19 outbreak, combined with the growing complexity of supply chain networks, has exposed supply chains’ vulnerability to disruption. Therefore, improving the supply chain viability is the primary way to deal with the risk of supply chain disruption. Using the method of literature research, this conceptual paper systematically reviewed and sorted out relevant literature, extracted corresponding capabilities, and put forward relevant research propositions. From the perspective of the resource-based view and resource-dependent theory, this study investigates specific dimensions of the blockchain-enabled supply chain capability: connectivity, network capability, and supply chain reconfiguration and the impact of external resource-dependent capability on the viability of the supply chain. The propositions show that the blockchain-enabled supply chain capability, and external resource-dependent capability will positively impact supply chain viability. It is expected to assist supply chain firms in implementing blockchain technology to increase supply chain viability and improve their capacity to achieve sustainable supply chain development during the crisis.
Highlights
As the most disruptive technology, blockchain was introduced in 2008 as a concept of Bitcoin which was originally proposed anonymously by Nakamoto [1]
Supply chain viability refers to a value-added network that adapts dynamically, where structures can change, including the ability to respond quickly to positive changes; the ability to absorb adverse events elastically and have the ability to recover after an outage; the ability to survive in the long term and to ensure that goods and services are delivered by society and markets in response to internal and external changes, in response in turn to sustainable development needs [29]
When there is much uncertainty, companies want to manage their transaction costs and do not want to invest in certain assets, which could explain why so many companies are searching for outside help to improve their competitive advantage [134]; For the public enterprise, an internal capability is more important than external capability, but in the supply chain scenario, the supply chain itself depends on the connection and interaction of external networks, so it is imperative to improve the ability of the supply chain to rely on external resources
Summary
As the most disruptive technology, blockchain was introduced in 2008 as a concept of Bitcoin which was originally proposed anonymously by Nakamoto [1]. This research phenomenon is of great practical significance to study the supply chain viability of blockchain technology. Blockchain as a new technology, technology is essentially the resources of enterprises, and the purpose of enterprises is to convert resources into enterprise capabilities, so this study based on the concept of the resource-based view and resource dependence theory to explore how to use blockchain technology to improve the viability of the supply chain? According to the resource-based view, what is the blockchain-enabled supply chain capability and its subdimensions, and based on the resource dependence theory, what are the external capabilities of the enterprise and its subdimensions. The main contribution of this paper lies in that we identify specific dimensions of the blockchain-enabled supply chain capability and external capability, and we expand the application fields of the resource-based view and resource-dependent theory.
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