Implementation Of Blockchain Technology Research Articles

Analysis of the Use of Blockchain Technology in Student Data Management in Schools

The objective of this study is to examine the implementation of blockchain technology in the administration of student data in educational institutions and evaluate its efficacy and security in comparison to conventional systems. This study utilizes a qualitative methodology and adopts a case study approach to examine the implementation of blockchain technology in multiple schools. Data were acquired through in-depth interviews with school IT professionals, administrators, and blockchain technology specialists, as well as research of documentation relating to student data management policies and procedures. The results of the study reveal that the application of blockchain technology in student data management has several significant advantages, including greater data security, transparency, and operational efficiency. Blockchain ensures that student data is protected and may only be accessed by authorized individuals, eliminating the danger of data leakage and manipulation. In addition, the openness given by blockchain allows for real-time tracking of data changes, permitting more accurate audits and monitoring. This study, however, revealed significant problems in the application of blockchain technology in schools, such as the need for suitable infrastructure, high implementation costs, and a lack of awareness and technical skills among school staff. In conclusion, although blockchain technology offers numerous benefits in student data management, the success of its deployment rests greatly on the technical and financial readiness of educational institutions, as well as the necessity for sufficient training and socializing for users.

Analysis of the Impact of Blockchain Technology Adoption on Operational Efficiency and Consumer Trust in Digital Business

This research intends to assess the influence of blockchain technology adoption on operational efficiency and consumer trust in digital enterprises. Blockchain technology, with its decentralized, transparent and safe properties, is predicted to have a favorable impact on several elements of business operations and boost consumer trust. The research method employed is a quantitative approach by collecting data through surveys and interviews with organizations that have incorporated blockchain technology. Data analysis was carried out using descriptive and inferential statistical techniques to test the stated hypotheses. The research results demonstrate that the deployment of blockchain technology greatly boosts operational efficiency, particularly in terms of reduced transaction costs, increased processing speed, and reduced operational errors. Apart from that, customer confidence has also improved dramatically, notably in areas of openness, security and data protection. These findings demonstrate that blockchain technology not only contributes to enhancing the operational performance of enterprises, but also boosting the trust relationship between firms and consumers. The conclusion of this study is that the implementation of blockchain technology has a considerable positive influence on operational efficiency and consumer trust in digital enterprises. Therefore, organizations working in the digital ecosystem are recommended to explore integrating blockchain technology as a strategy to boost competitiveness and consumer trust.

Blockchain Applications in the Food Industry: A Systematic Literature Review

This paper presents the findings from a systematic literature review that explores the applications of blockchain technology within the food industry. The review is based on an analysis of 83 selected publications which have been sourced from ScienceDirect and Web of Science databases. The findings show promising and multifaceted ways of blockchain technology in the supply chain. By enabling secure and traceable data management, blockchain contributes to more safety and reliability of information hereby contributing to auditing functions as well as enabling sustainability-oriented business and reporting practices. The impact of blockchain technology is affecting various stakeholders in the supply chain. For example, consumers benefit from improved access to trustworthy food-related information, which in turn can shape purchasing decisions. Businesses, on the other hand, face the imperative of assessing the potential implications of blockchain technology on their existing strategies. Despite the evident progress and the promise of numerous advantages, it is apparent that blockchain technology in the food industry remains at an early stage of development with much work ahead with respect to academic contributions and practical implications. It is essential to tailor the implementation of blockchain technology to the specific conditions of individual supply chains, particularly regarding different types of food products. This applies equally to the bakery industry, where academic research is still missing so far. Therefore, insights from other sectors within the food industry are informative as to their applicability in the bakery industry as well if they are indirectly applied.

Integration of Blockchain Technology in Education Financial Management for Transparency and Accountability

The education system requires transparent and accountable financial management to ensure efficiency, fairness and sustainability. However, there are still many challenges in achieving this, especially related to limited transparency and reliability of financial data. Blockchain technology offers the potential to increase transparency and accountability in educational financial management by providing proof of authentication and an immutable track record. This research aims to explore the potential for integrating blockchain technology in educational financial management to increase transparency and accountability. Researchers also aim to analyze its impact on efficiency and fairness in the education system. This research method uses a qualitative approach with literature study and case analysis. Researchers analyzed literature related to blockchain technology in the context of educational financial management, and collected data from case studies of blockchain technology implementation in educational institutions that have adopted it. The research results show that the integration of blockchain technology in educational financial management can increase transparency and accountability by providing immutable proof of authentication for every financial transaction. In addition, the use of blockchain technology can increase the efficiency of financial administration processes and minimize the risk of fraud or data manipulation. The conclusion of this research is that the integration of blockchain technology in educational financial management has great potential to increase transparency, accountability and efficiency in the education system. However, challenges related to infrastructure availability and technical understanding need to be overcome to optimize its benefits. Therefore, strategic and collaborative steps from related parties are needed to encourage widespread adoption of this technology in educational financial management.

The role and possibilities of using blockchain technologies in the sphere of digital identification in Ukrainian banks

The purpose of the paper is to study the role and possibility of using blockchain technology in the field of digital identification in Ukrainian banks. To achieve the goal, the following tasks were performed in the research process: concepts, advantages and disadvantages of blockchain technology were considered; the possibilities of its use in the field of digital identification in Ukrainian banks were investigated. It is noted that information technologies have dramatically affected various spheres of social life in recent decades. Ukrainian banks are also, step by step, revealing the enormous potential and advantages of the latest technologies, which already today enable them to improve the efficiency of financial operations, ensure security and reduce customer service costs. It was also noted that blockchain in banking has a huge potential to improve efficiency, security, autonomy and control, but at the same time needs to overcome numerous technical and organizational challenges. It is noted that digital identification is a relatively new direction that has great potential in the modern world of digital technologies. It enables individuals and legal entities to verify and confirm their identity or status online without the need for physical presence or presentation of paper documents. However, the issue of privacy, security and standardization is acute here. The implementation of blockchain technology can be one way to solve some of these issues, providing a reliable and secure digital identity system that will allow users to control their data and provide a high level of protection against cybercriminals. The conclusion noted that the use of blockchain technologies in the field of digital identification has the potential to improve the quality of service and ensure a high level of protection of personal data of Ukrainian banks and their customers.

Key antecedents and consequences of blockchain technology adoption in the wine industry: a multiple case study analysis

PurposeThe present study aims to identify the antecedents and consequences of blockchain adoption in the wine industry from the absorptive capacity perspective through a multiple case study approach.Design/methodology/approachA multiple case study approach was utilized, wherein data was gathered through semi-structured interviews and secondary sources of information from the five Italian innovative wineries.FindingsThe results show that the dynamic capabilities of wineries and the creation of strategic partnerships are common conditions for the adoption of blockchain technology (BCT). In addition, findings reveal that creating value for all supply chain stakeholders and preventing counterfeit products are the most important consequences of BCT adoption.Research limitations/implicationsThis study fills a gap in the literature by investigating the drivers of BCT technology adoption under two theoretical lenses, Absorptive capacity and Dynamic capability theories, confirming the usefulness of these two theories in explaining the process of innovation adoption.Originality/valueThe originality of our research study lies in its investigation of the antecedents and consequences of BCT adoption in the wine supply chain, focusing specifically on the role of dynamic capabilities, knowledge acquisition and assimilation, strategic partnerships and open interactions with external actors in driving technological innovation and the successful implementation of BCT in the wine industry. By offering empirical data on the drivers and impacts of BCT adoption, as well as theoretical implications for technological innovation and value creation in the wine sector, our study contributes to filling gaps in the existing literature and provides practical insights for wineries and AgTechs seeking to integrate BCT into their business models.

Research on the impact of blockchain technology on supply chain performance: The intermediary role of supply chain coordination and transparency in the blockchain industry

Purpose – The purpose of this study is to investigate the impact that the implementation of blockchain technology has on supply chain management by analysing the mediating effects of supply chain coordination, transparency, inter-organisational systems, and management capabilities. Design/methodology/approach – The primary data were obtained by the distribution of a self-administered questionnaire, and the replies were evaluated using a Likert scale with five points. This study collected 300 valid questionnaires from December 2023 to March 2024. SPSS was used for data analysis, and PLS-SEM was used for structural equation modeling analysis. Findings – Specifically, the findings of this research point to the existence of a statistically significant positive association between blockchain adoption (BCA), supply chain management capabilities (SCMC), inter-organisational systems (IOS), and supply chain performance (SCP). Mediation analysis highlights the critical role of supply chain coordination (SCC) and transparency (SCT) in enhancing SCP through BCA. Originality/value -- This research makes a significant contribution to the body of knowledge concerning the implications of blockchain technology for supply chain management, offering practical implications for industry stakeholders and policymakers.

Managerial and Organizational Implications Arising from the Implementation of Blockchain Technology in Supply Chains: An AS-IS and To-Be Analysis

Purpose: The main objective of this research is to highlight the managerial and organizational implications for businesses resulting from the implementation of blockchain logic and technologies. The functionalities of blockchain technologies are compared with the traditional approach to supply chain management to emphasize the impact they can have on managing intra-supply chain relationships and the organizational structure of companies involved in supply channels. Design/methodology/approach: To conduct this study, a conceptual study was carried out, starting from an analysis of the main characteristics of blockchain technologies, to build an AS-IS scenario compared with the TO-BE scenario resulting from the implementation of these technologies within supply chains. To conduct this study, conceptual categories of the viable system approach and process management perspective were utilized. The conceptual analysis was performed using a matrix representation, which correlates material, informational, and financial flows with the dimensions of traceability, transparency, and efficiency, before and after the implementation of blockchains in managing supply chain transactions. Findings: The study highlighted how the principles underlying blockchain can lead to overcoming the traditional indispensable search for trust among supply chain operators. Therefore, through these results, it is possible to hypothesize an improvement in the resilience conditions of companies operating in block–supply chains. Originality/value: This study contributes to investigating the relationship between blockchain and operational consonance among operators in managing interorganizational processes to improve conditions of efficiency, traceability, and transparency, which are functional in the resilience of companies involved in the supply chain compared to the changing dynamics of the context. Research implications: Trustless logic in the implementation of blockchain technologies leads to the configuration of a new concept of trust, connected to the entire supply chain system, as a result of the improvement in the security, visibility, and efficiency conditions of transactions. The increased visibility and transparency developed in block–supply chains prompt all actors involved in the supply chains to rethink information management, given the reduction in informational asymmetries and, thus, the optimization of transaction costs.

Revolutionizing supply chain management: a critical meta-analysis of empowerment and constraint factors in blockchain technology adoption

PurposeThis study conducts a thorough literature review and meta-analysis to explore the adoption of blockchain technology (BCT) in supply chain management (SCM). It aims to identify the potential benefits, challenges, and critical factors influencing the implementation of this technology in supply chains.Design/methodology/approachA systematic analysis of 157 highly cited publications is performed, offering insights into research trends, citations, industries, research methods, and contextual aspects. Thematic analysis is employed to uncover key findings regarding enablers, barriers, drivers, challenges, benefits, and drawbacks associated with BCT adoption in supply chains.FindingsThe analysis highlights the complexities and opportunities involved in adopting BCT in SCM. A proposed model aligns with five dimensions, including inter-organizational, intra-organizational, technological, legal, and to assist businesses in harnessing the potential of BCT, overcoming obstacles, and managing challenges. This model provides practical recommendations for navigating the intricacies of BCT implementation while balancing associated challenges and risks.Practical implicationsOrganizations operating in supply chains can leverage the insights gained from this investigation to position themselves at the forefront of BCT adoption. By implementing the proposed model, they can unlock benefits such as increased transparency, efficiency, trust, and cost reduction.Originality/valueThe novelty of this paper lies in its extensive review of publications on Blockchain Technology adoption in supply chains. It offers insights into various aspects such as enablers, barriers, drivers, challenges, benefits, and drawbacks. Additionally, the paper presents a comprehensive model specifically designed for successful adoption of Blockchain Technology in supply chains. This model addresses multiple dimensions including inter-organizational, intra-organizational, technological, legal, and financial.

Analysis of research on the implementation of Blockchain technologies in regional electoral processes

Implementation of Blockchain technologies in online voting system is becoming increasingly popular in modern society and has significantly efficiency in governance. This article explores how Blockchain technologies can boost government operations, making them more transparent and effective. It focuses on an in-depth analysis of current research and methods on Blockchain-based electronic voting systems. The aim of this study is investigated and analysis the potential contributions of Blockchain technology to e-voting by drawing insights from global best practices. According to literature review and case studies of Blockchain implementation in government are conducted to identify existing systems and methods of e-voting, identifying their strengths and weaknesses by analyzing European countries and preparing the ground for future alternatives. Additionally, it examined the role of public education in fostering trust and understanding of Blockchain technology and analyzed the legislative landscape in neighboring jurisdictions to solidify Blockchain’s role in decision-making processes. The results of the study provide a comprehensive perspective, and the findings emphasize the relevance of the study, its contribution to understanding the problems and prospects of introducing Blockchain into electoral processes at the regional level.

The Measurement of Blockchain Technology in Financial Reports in Commercial Banks

The objective of the present study is to measure the impact of blockchain technology on financial reports. The study utilizes a time series analysis covering eleven commercial banks listed on the Amman Stock Exchange from 2009 to 2019. Two key measures, namely other operating expenses and customer deposits are employed in the Return on Assets (ROA). The findings indicate that blockchain technology can be quantified by 0.038 of other operating expenses. However, there are no discernible indications of measuring blockchain technology through customer deposits. The study suggests that blockchain technology is a double-edged sword; when not utilized as required, it leads to increased expenses, and conversely, its effective exploitation can have cost-reducing effects. In other words, operational inefficiencies or heterogeneity are associated with elevated costs associated with implementing blockchain technology. Doi: 10.28991/HIJ-2024-05-02-014 Full Text: PDF

Determinants of Blockchain Technology Adoption in Agricultural Supply Chain

Blockchain technology adoption in agriculture can bring a win-win situation for all stakeholders in supply chain, which aids in the security of transactions and information in both forward and backward linkages in agricultural supply chain. Furthermore, blockchain platform benefits producers by enhancing their reputation, increasing their competitiveness and reducing fraud by eliminating undesirable practices in the supply chain. This research paper aims to analyze the determinants of blockchain technology adoption in agricultural supply chain. Grey relational analysis is employed to identify the determinant factors of blockchain technology adoption in the supply chain. The factors for blockchain technology adoption in supply chain are identified based on the literature review collected and focus group discussion with experts. Experts are insisted to rate the factors based on the five point likert scale. The findings revealed that data transparency, traceability, interoperability, data immutability and high value pricing, product type, organization trust, and government support can influence the blockchain adoption in supply chain. The findings conclude that priorities must be given to those influential factors which will help the organizational stakeholders in formulating suitable strategy for effectively implementing blockchain technology in the agricultural supply chain.. KEYWORDS :Blockchain technology, Adoption, Factors, Agricultural supply chain, Grey relational analysis.

Cloud in Blockchain Technologies

Cloud computing and blockchain technology have become essential ideas in the field of IT, providing new ways to handle data. Cloud computing offers internet-based access to computing resources like servers and storage, while blockchain guarantees the accountability and immutability of data transactions with its distributed ledger system. Combining these technologies can enhance organizations' capabilities in data security and management. Businesses can utilize scalable infrastructure on cloud platforms by implementing blockchain technology, eliminating the need for large investments in physical resources. This integration improves the ability to access blockchain networks, making interactions easier across different locations and devices. Additionally, it enhances data security and privacy measures by enabling encrypted connections and strong authentication methods in cloud-based blockchain systems. Yet, obstacles remain in guaranteeing the authenticity and protection of information kept in multi-cloud settings, requiring effective authentication measures. To tackle these difficulties, this article presents a method for verifying data integrity in multi-cloud storage using blockchain technology, utilizing the decentralized aspect of blockchain to improve transparency and security. The plan automates verification procedures through smart contracts and cryptographic hashing, allowing for integrity checks at both a general and specific level across multiple Cloud Service Providers (CSPs). The proposed scheme has its effectiveness and reliability validated through theoretical analysis and experimental results, highlighting its potential to improve the security and efficiency of multi-cloud storage systems. INDEX TERMS: Cloud Computing, Blockchain Technology, Data Integrity Verification, Multi-Cloud Storage, Smart Contracts, Cryptographic Hashing, Security, Transparency.

Analysis of the Impact of Cybersecurity on The Stability of Financial Institutions

The issue of the impact of cybersecurity is a top priority for the functioning of a financial institution. Therefore, its provision becomes a priority in organizing the further activities of the institution itself. The article aims to analyze the current trends in ensuring the cybersecurity of financial institutions and its role in their functioning. The paper describes the theoretical foundations of the cyber protection concept. The authors also outline the specifics of cybersecurity and the leading technological solutions for achieving these goals. Special attention is paid to modern, innovative solutions to maintain the stability of financial institutions and the possibility of further development. An important area of research is the disclosure of the practical experience of information corporations in providing technical solutions to ensure the security of financial transactions and support the global financial system. The study presents the experience of Ukrainian financial institutions that use variable digital defense strategies and maintain their functionality based on an effective cybersecurity system in the context of a global military conflict. The results of the study include a detailed profile of effective practical solutions to ensure the stability of financial institutions based on the implementation of blockchain technologies. The authors pay attention to the issue of modern software, hardware, and management solutions to improve the quality of cybersecurity in the context of growing cyberattacks and digital threats to the stability of financial institutions. The research findings may be helpful for further analytical studies on the effectiveness of cybersecurity and the stability of financial institutions.

Citizens’ Perception of Blockchain-Based E-Voting Systems: Focusing on TAM

Digital transformation and new technologies have made people’s lives easier and led to great results in most areas of business and society. Implementing blockchain technology is one of the best tools for establishing sustainable smart cities and societies. In terms of sustainable governance sophisticated and secure voting systems are necessary to achieve high integrity and transparency and null election fraud, and, in environmental sustainability, e-voting systems eliminate the mass waste of paper and transportation gas emissions; namely, e-voting systems are eco-friendly with high democratic outcomes. Blockchain technology can revolutionize e-voting by increasing the security and transparency of the voting process. Integrating artificial intelligence (AI) and machine learning (ML) into blockchain-based e-voting systems further augments their effectiveness. AI algorithms can analyze voting patterns and detect irregularities, supporting the prevention of fraudulent activities and coercion. ML procedures can enhance voter authentication processes, improve accessibility for diverse demographics, and optimize the productivity of blockchain networks during peak voting periods. This study focuses on understanding citizen perceptions of blockchain-based e-voting in a smart city context using the Technology Acceptance Model (TAM). The study’s results indicate that perceived ease of use and perceived usefulness are important factors in determining citizens’ intentions to use blockchain-based e-voting. Furthermore, trust in the technology and perceived security were found to influence the usefulness of blockchain-based e-voting positively. This study provides important insights for policymakers and technologists seeking to promote the adoption of blockchain-based e-voting systems in smart cities. The findings of the research supported the research model with positive results. In conclusion, our research model encourages the adoption of a blockchain-based e-voting system to enhance the future voting environment.

Exploring on Cloud Security Landscapes:A Comprehensive Review

Nowadays, the massive growth of data and the adoption of the cloud-based architecture indicate that the secure storage of data is a very essential issue. Cloud storage is the solution to convenient, scalable and cost-effective storage, yet security issues persist, especially regarding the protection of sensitive information. The encryption plays a vital role in which data is made unreadable and only accessible by those with the proper authorization. This helps in data management and minimizes data leaks. Shared responsibility in cloud security entails collaboration between the operators and users through the encryption strategy and a number of security measures to protect the data, apps, and infrastructure. This paper deals with the different cryptographic techniques and technologies used for improving cloud security. It discusses the notion of Non-Deterministic Cryptographic Scheme (NCS), which is a secure technique that effectively utilizes randomness in cryptographic algorithms. Regarding the Intel architecture compatibility, SGX and blockchain technology implementation not only ensures data immutability, but it also strengthens the data against cyber threats. SGX produces secure compartments inside cloud platforms, while blockchain makes data integrity possible through decentralized and immutable ledger technology. The research gives an impression of the seaside and multi sided cloud security. Involving encryption, access control, data loss prevention, and intrusion detection systems. Technologies of cryptography like Group Key Based Attribute Encryption (GKBAE) and Modified Random Fibonacci Cryptography (MRFC) offers both data protection and reduced resource requirement in clouds. GKBAE enables fine-grained access control and attribute-based encryption that ensures high data security without any additional computation. In addition, the paper also talks about the privacy-preserving technology, and policy-oriented access control framework. Techniques like Linear Elliptical Curve Digital Signature (LECDS) that combine digital signatures with blockchain technologies can also be used to implement the above features. To sum up, the changing scenario of cloud security requires ceaseless innovation and application of the latest cryptographic methods. Through encryption, hardware level security features and distributed ledger technology implementation, data environment is more strengthened and vulnerabilities to hacking, data leakage, and unauthorized access are decreased. Making use of the modern security tools not only does the data safety but also is responsible for the trustworthiness and stability of the cloud computing infrastructure. Keywords— Cloud Security, Encryption, Data Protection, Non-Deterministic Cryptographic Scheme (NCS), Intel SGX, Blockchain, Group Key Based Attribute Encryption (GKBAE), Modified Random Fibonacci Cryptography (MRFC), Data Confidentiality.

Proteomics Data Classification Using Advanced Machine Learning Algorithm

Proteomics, the study of proteins and their functions within biological systems, has become increasingly data-intensive, presenting both opportunities and challenges. This project addresses the need for advanced data analytics and data integrity in proteomics research. Leveraging the power of machine learning (ML) and blockchain technology, this attempt aims to transform proteomics research. This work encompasses three key objectives. First, collect, clean, and integrate proteomics data from diverse sources, ensuring data quality and consistency. Second, employ ML algorithms to analyze this data, revealing crucial insights, identifying proteins, and predicting their functions. Third, implement blockchain technology to safeguard the authenticity and integrity of the proteomics data, providing an auditable and tamper-proof record. Implemented a user-friendly web interface, facilitating collaboration among researchers and scientists by granting access to shared data and results. This study included various classification methods for the investigation of protein classification, namely, random forests, logistic regression, neural networks, support vector machines, and decision trees. In conclusion, the proposed work is poised to revolutionize proteomics research by enhancing data analytics capabilities and securing data integrity, thereby enabling scientists to make more informed and confident discoveries in this critical field.

Security aspects in the implementation of blockchain in payment gateway transactions in Ecuador

This paper explores the security aspects involved in implementing blockchain technology in payment gateway transactions within the Ecuadorian context. Blockchain technology offers numerous security benefits such as data security, immutability, decentralization, authentication, and transparency. These features contribute to enhancing the overall security and trustworthiness of payment transactions. The decentralized nature of blockchain reduces the risk of cyber attacks targeting centralized servers, while its immutability ensures the integrity of transactions. Additionally, authentication mechanisms such as digital signatures and smart contracts help ensure that only authorized parties can participate in and validate transactions. Furthermore, blockchain’s transparency facilitates auditing and compliance with financial regulations. This paper discusses how leveraging blockchain technology can significantly improve security in payment gateway transactions in Ecuador and provides insights into the potential challenges and opportunities associated with its implementation.

Blockchain for HR Data Security

In today's digital landscape, organizations face an escalating threat of data breaches and unauthorized access to sensitive information. This vulnerability is particularly pronounced in Human Resources (HR) departments, where vast amounts of personal employee data are stored and managed. This paper delves into the potential of blockchain technology as a formidable solution for bolstering HR data security. By providing a comprehensive examination of blockchain principles, this research elucidates how the decentralized and immutable nature of blockchain can be leveraged to enhance the security of HR data. The paper explores various applications of blockchain within HR, such as secure employee record management, streamlined payroll processes, and verified credentialing. Additionally, it addresses the challenges and considerations associated with implementing blockchain technology in HR systems, including integration with existing infrastructure, scalability issues, and regulatory compliance. Through a detailed analysis, this research underscores the transformative impact blockchain can have on HR data security practices. It emphasizes how blockchain can ensure the confidentiality, integrity, and availability of employee information, thereby fostering a more secure and trustworthy HR environment. Ultimately, this paper aims to provide valuable insights for HR professionals and organizations seeking to safeguard their data against the ever-evolving landscape of cyber threats.

Challenges in adopting blockchain technology in supply chain management: a too far fetched idea?

PurposeRecent technological advancements, often linked to Industry 4.0, require organizations to be more agile and innovative. Blockchain technology (BT) holds immense potential in driving organizations to achieve efficiency and transparency in supply chains. However, there exist some insurmountable challenges associated with the adoption of BT in organizational supply chains (SC). This paper attempts to categorically identify and systematize the most influential challenges in the implementation of BT in SC.Design/methodology/approachThis study resorts to an extensive literature review and consultations with experts in the field of supply chain management (SCM), information technology and academia to identify, categorize and prioritize the major challenges using VlseKriterijumska Optimizacija I Kompromisno Resenje (VIKOR) and Combined Compromise Solution method (CoCoSo).FindingsThe top three classes of challenges revealed in this study are privacy challenges (PC), infrastructure challenges (IC) and transparency challenges (TC). Maintaining a balance between data openness and secrecy and rectification of incorrect/erroneous input are the top two challenges in the PC category, integration of BT with sustainable practices and ensuring legitimacy are the top two challenges in the IC category, and proper and correct information sharing in organizations was the top most challenge in the TC category.Originality/valueFuture scholars and industry professionals will be guided by the importance of the challenges identified in this study to develop an economical and logical approach for integrating BT to increase the efficiency and outcome of supply chains across several industrial sectors.