Analyzing Potentials and Barriers in Supply Chain Management in The Promise of Blockchain
DOI:
https://doi.org/10.38043/jmb.v19i2.4612Keywords:
Blockchain, Supply Chain Management, Systematic Literature Review, PRISMA ProtocolAbstract
This study explored the potentials and barriers to the implementation of blockchain technology in supply chain management (SCM). The purpose of the research was to determine the potential of implementing blockchain technology to enhance SCM performance, identify the challenges faced in implementing blockchain in SCM, and understand the constraints and obstacles that needed to be overcome for successful implementation. The research method applied was a Systematic Literature Review (SLR) using the PRISMA Protocol, with 73 papers collected from 2018 to June 2023. Data analysis was conducted through Meta-Synthesis. The findings provided insights into the theoretical, policy, and managerial implications of implementing blockchain technology in SCM, contributing to the advancement of knowledge in this field.
References
Abeyratne, S. A., & Monfared, R. P. (2016). Blockchain ready manufacturing supply chain using distributed ledger, International Journal of Research in Engineering and Technology, 05 (09). https://www.researchgate.net/profile/Radmehr-Monfared/publication/308163874_Blockchain_Ready_Manufacturing_Supply_Chain_Using_Distributed_Ledger/links/57fe2dde08ae7275640133b0/Blockchain-Ready-Manufacturing-Supply-Chain-Using-Distributed-Ledger.pdf.
Adnyasuari, P.A.S., and Darma, G.S. (2017). Technology Acceptance Model dan E-Satisfaction in Mobile Banking, Jurnal Manajemen & Bisnis, 14 (2): 1-12.
Alkhudary, R., Brusset, X., & Fenies, P. (2020). Blockchain in general management and economics: a systematic literature review. Emerald Insight: European Business Review, 32 (4): 765-783. https://doi.org/10.1108/ebr-11-2019-0297.
Andoni, M., Robu, V., Flynn, D., Abram, S., Geach, D., Jenkins, D., McCallum, P., & Peacock, A. (2019). Blockchain technology in the energy sector: A systematic review of challenges and opportunities, Renewable and sustainable energy reviews, 100: 143-174.
Aslam, J., Saleem, A., Khan, N. T., & Kim, Y. B. (2021). Factors influencing blockchain adoption in supply chain management practices: A study based on the oil industry, Journal of Innovation & Knowledge, 6 (2): 124-134. https://doi.org/10.1016/j.jik.2021.01.002.
Aste, T., Tasca, P., & Di Matteo, T. (2017). Blockchain technologies: The foreseeable impact on society and industry. computer, 50 (9): 18-28.
Arianti, N.L.N., Darma, G.S., and Mahyuni, L.P. (2019). Menakar Keraguan Penggunaan QR Code Dalam Transaksi Bisnis, Jurnal Manajemen & Bisnis, 16 (2): 67-78.
Bali, I.N.A.P., and Darma, G.S. (2019). Menguji Kesiapan Pengelolaan Desa Berbasis Manajemen Modern Guna Menghadapi Era Revolusi Industri 4.0, Jurnal Manajemen & Bisnis, 16 (2): 1-13.
Balci, G., & Surucu-Balci, E. (2021). Blockchain adoption in the maritime supply chain: Examining barriers and salient stakeholders in containerized international trade, Elsevier: Transportation Research Part E, 156: 102539-102539. https://doi.org/10.1016/J.TRE.2021.102539.
Belchior, R., Vasconcelos, A., Guerreiro, S., & Correia, M. (2021). A survey on blockchain interoperability: Past, present, and future trends. ACM Computing Surveys (CSUR), 54 (8): 1-41.
Booth, A., Sutton, A., & Papaioannou, D. (2012). Systematic Approaches to a Successful Literature Review. SAGE Publications Ltd. https://www.researchgate.net/publication/235930866_Systematic_Approaches_to_a_Successful_Literature_Review.
Brewer, P. C., & Speh, T. W. (2000). Using the balanced scorecard to measure supply chain performance Brewer, Peter CSpeh, Thomas W, Journal of Business Logistics, 21 (1): 75-93.
Bryans, D. (2014). Bitcoin and money laundering: mining for an effective solution, Ind. LJ, 89, 441.
Caldarelli, G., Zardini, A., & Rossignoli, C. (2021). Blockchain adoption in the fashion sustainable supply chain: Pragmatically addressing barriers, Emerald Insight: Journal of Organizational Change Management, 34 (2): 507-524. https://doi.org/10.1108/jocm-09-2020-0299.
Centobelli, P., Cerchione, R., Del Vecchio, P., Oropallo, E., & Secundo, G. (2022). Blockchain technology for bridging trust, traceability and transparency in circular supply chain, Information & Management, 59 (7): 103508.
Chavalala, M. M., Bag, S., Pretorius, J. H. C., & Rahman, M. S. (2022). A multi-method study on the barriers of the blockchain technology application in the cold supply chains, Journal of Enterprise Information Management(ahead-of-print).
Cole, R., Stevenson, M., & Aitken, J. (2019). Blockchain technology: implications for operations and supply chain management, Emerald Insight: Supply Chain Management - An International Journal, 24 (4): 469-483. https://doi.org/10.1108/scm-09-2018-0309.
Cooper, M. C., Lambert, D. M., & Pagh, J. D. (1997). Supply chain management: more than a new name for logistics, The International Journal of Logistics Management, 8 (1): 1-14.
Darma, G.S. (2004). Improving the Aligment of Business and Information Strategies, Jurnal Ekonomi & Bisnis, 16 (1): 1-28.
Dai, J., & Vasarhelyi, M. A. (2017). Toward blockchain-based accounting and assurance, Journal of information systems, 31 (3): 5-21.
Duan, J., Zhang, C., Gong, Y., Brown, S., & Li, Z. (2020). A Content-Analysis Based Literature Review in Blockchain Adoption within Food Supply Chain, Int J Environ Res Public Health, 17 (5). https://doi.org/10.3390/ijerph17051784.
Dwisuardinata, I. B. N., & Darma, G. S. (2023). The Impact of Social Influence, Product Knowledge, and Fear of Missing Out (FOMO) towards Purchase Intention on Alcoholic Beverage in Bali, Binus Business Review, 14 (1): 1–11. https://doi.org/10.21512/bbr.v14i1.8919.
Dewi, Y. S., & Darma, G.S. (2022). Shifting Business Strategy of International Standard Hospital in Metaverse Era, JMMR (Jurnal Medicoeticolegal dan Manajemen Rumah Sakit), 11 (1). https://doi.org/10.18196/jmmr.v11i1.14207.
Dewi, N.M.A.T., and Darma, G.S. (2016). Efektivitas Leadership, Growth Performance dan Regulasi Otoritas Jasa Keuangan, Jurnal Manajemen & Bisnis, 13 (1): 1-13.
Esmaeilian, B., Sarkis, J., Lewis, K., & Behdad, S. (2020). Blockchain for the future of sustainable supply chain management in Industry 4.0. Resources, Conservation and Recycling, 163. https://doi.org/10.1016/j.resconrec.2020.105064.
Etemadi, N., Strozzi, F., Van Gelder, P., & Etemadi, T. (2021). An ISM modelling of success factors for blockchain adoption in a cyber secure supply Chain. 2021 The 4th International Conference on Computers in Management and Business.
Fanning, K., & Centers, D. P. (2016). Blockchain and its coming impact on financial services, Journal of Corporate Accounting & Finance, 27 (5): 53-57.
Gattorna, J. (1998). Strategic supply chain alignment: best practice in supply chain management. Gower Publishing, Ltd.
Giudici, P. (2018). Fintech risk management: A research challenge for artificial intelligence in finance, Frontiers in Artificial Intelligence, 1 (1).
Ginantra, K.G., Lestari, N.P.N.E., Gorda, A.A.N.E.S., and Darma, G.S. (2017). Effects of Promotion, Product Quality, Brand Image and Price on Customer Satisfaction and Brand Switching Decision, International Journal of Management and Economics Invention, 3 (12): 1514-1523.
Gordon, W. J., & Catalini, C. (2018). Blockchain technology for healthcare: facilitating the transition to patient-driven interoperability, Computational and structural biotechnology journal, 16: 224-230.
Gray, C. (2002). Entrepreneurship, resistance to change and growth in small firms. Journal of small business and enterprise development, 9 (1): 61-72.
Gurtu, A., & Johny, J. (2019). Potential of blockchain technology in supply chain management: a literature review, Emerald Insight: International Journal of Physical Distribution & Logistics Management, 49 (9): 881-900. https://doi.org/10.1108/ijpdlm-11-2018-0371.
Gururaj, H., Manoj Athreya, A., Kumar, A. A., Holla, A. M., Nagarajath, S., & Ravi Kumar, V. (2020). Blockchain: A new era of technology, Cryptocurrencies and blockchain technology applications: 1-24.
Hastig, G. M., & Sodhi, M. S. (2020). Blockchain for Supply Chain Traceability: Business Requirements and Critical Success Factors, Production and Operations Management, 29 (4): 935-954. https://doi.org/10.1111/poms.13147.
Howson, P. (2020). Building trust and equity in marine conservation and fisheries supply chain management with blockchain, Marine Policy, 115: 103873.
Juzer, J., and Darma, G.S. (2019). Strategic Supply Chain Management in the Era of Industry Revolution 4.0: A Study of Textile Industry in Bali, Jurnal Manajemen Bisnis, 16 (3): 1-16.
Kamilaris, A., Fonts, A., & Prenafeta-Boldu, F. X. (2019a). The rise of blockchain technology in agriculture and food supply chains, Trends in Food Science & Technology, 91: 640-652. https://doi.org/10.1016/j.tifs.2019.07.034.
Kamilaris, A., Fonts, A., & Prenafeta-Boldu, F. X. (2019b). The rise of blockchain technology in agriculture and food supply chains. Elsevier: Trends in Food Science & Technology, 91: 640-652. https://doi.org/10.1016/j.tifs.2019.07.034.
Kitchenham, B. (2004). Procedures for Performing Systematic Reviews. https://www.researchgate.net/publication/228756057.
Kopyto, M., Lechler, S., von der Gracht, H. A., & Hartmann, E. (2020). Potentials of blockchain technology in supply chain management: Long-term judgments of an international expert panel, Technological Forecasting and Social Change, 161. https://doi.org/10.1016/j.techfore.2020.120330.
Korpela, K., Hallikas, J., & Dahlberg, T. (2017). Digital Supply Chain Transformation toward Blockchain Integration, Proceedings of the 50th Hawaii International Conference on System Sciences.
Kouhizadeh, M., Saberi, S., & Sarkis, J. (2021). Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers, Elsevier: International Journal of Production Economics, 231. https://doi.org/10.1016/j.ijpe.2020.107831.
Kusuma, P. O., & Darma, G. S. (2020). Mobile Payment Transaction on MSMEs, International Research Journal of Management, IT & Social Sciences, 7 (3): 104-109. https://doi.org/10.21744/irjmis.v7n3.926.
Lee, H. L., & Whang, S. (2000). Information sharing in a supply chain, International journal of manufacturing technology and management, 1 (1): 79-93.
Li, K., Lee, J.-Y., & Gharehgozli, A. (2021). Blockchain in food supply chains: A literature review and synthesis analysis of platforms, benefits and challenges, International Journal of Production Research: 1-20.
Mahyuni, L. P., Adrian, R., Darma, G. S., Krisnawijaya, N. N. K., Dewi, I. G. A. A. P., Permana, G. P. L., & Foroudi, P. (2020). Mapping the potentials of blockchain in improving supply chain performance, Cogent Business & Management, 7 (1). https://doi.org/10.1080/23311975.2020.1788329.
Malik, S., Chadhar, M., Vatanasakdakul, S., & Chetty, M. (2021). Factors affecting the organizational adoption of blockchain technology: Extending the technology–organization–environment (TOE) framework in the Australian context, Sustainability, 13 (16): 9404.
Mathivathanan, D., Mathiyazhagan, K., Rana, N. P., Khorana, S., & Dwivedi, Y. K. (2021). Barriers to the adoption of blockchain technology in business supply chains: a total interpretive structural modelling (TISM) approach, International Journal of Production Research, 59 (11): 3338-3359.
Mentzer, J. T., DeWitt, W., Keebler, J. S., Min, S., Nix, N. W., Smith, C. D., & Zacharia, Z. G. (2001). Defining supply chain management, Journal of Business Logistics, 22 (2): 1-25.
Miraz, M. H., & Ali, M. (2018). Applications of blockchain technology beyond cryptocurrency. arXiv preprint arXiv:1801.03528.
Moher, D., Shamseer, L., Clarke, M., Ghersi, D., Liberati, A., Petticrew, M., Shekelle, P., Stewart, L. A., & Group, P.-P. (2015). Preferred reporting items for systematic review and meta-analysis protocols (PRISMA-P) 2015 statement, Systematic Reviews, 4 (1): 1. https://doi.org/10.1186/2046-4053-4-1.
Mondol, E. P. (2021). The impact of block chain and smart inventory system on supply chain performance at retail industry, International Journal of Computations, Information and Manufacturing (IJCIM), 1 (1).
Monrat, A. A., Schelen, O., & Andersson, K. (2019). A Survey of Blockchain From the Perspectives of Applications, Challenges, and Opportunities, IEEE Access, 7: 117134-117151. https://doi.org/10.1109/access.2019.2936094.
Nair, P. R., & Dorai, D. R. (2021). Evaluation of performance and security of proof of work and proof of stake using blockchain. 2021 Third International Conference on Intelligent Communication Technologies and Virtual Mobile Networks (ICICV).
Nzuva, S. (2019). Smart contracts implementation, applications, benefits, and limitations, Journal of Information Engineering and Applications, 9 (5): 63-75.
Oyagi, S., & Darma, G.S. (2021). Digital Transformation of Medical Sector and Consumer Purchase Intention in New Normal Era, Matrik : Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan, 15 (1): 36-51. doi:10.24843/MATRIK:JMBK.2021.v15.i01.p04.
Olnes, S., Ubacht, J., & Janssen, M. (2017). Blockchain in government: Benefits and implications of distributed ledger technology for information sharing, Elsevier, 34 : 355-364).
Ozturk, C., & Yildizbasi, A. (2020). Barriers to implementation of blockchain into supply chain management using an integrated multi-criteria decision-making method: a numerical example, Springer Link: Soft Computing, 24 (19): 14771-14789. https://doi.org/10.1007/s00500-020-04831-w.
Page, M. J., McKenzie, J. E., Bossuyt, P. M., Boutron, I., Hoffmann, T. C., Mulrow, C. D., Shamseer, L., Tetzlaff, J. M., Akl, E. A., Brennan, S. E., Chou, R., Glanville, J., Grimshaw, J. M., Hrobjartsson, A., Lalu, M. M., Li, T., Loder, E. W., Mayo-Wilson, E., McDonald, S., . . . Moher, D. (2021). The PRISMA 2020 statement: an updated guideline for reporting systematic reviews, Systematic Reviews, 10 (1): 89. https://doi.org/10.1186/s13643-021-01626-4.
Paliwal, V., Chandra, S., & Sharma, S. (2020). Blockchain Technology for Sustainable Supply Chain Management: A Systematic Literature Review and a Classification Framework, Sustainability, 12 (18). https://doi.org/10.3390/su12187638.
Park, A., & Li, H. (2021). The Effect of Blockchain Technology on Supply Chain Sustainability Performances, MDPI: Sustainability, 13 (4). https://doi.org/10.3390/su13041726.
Parviainen, P., Tihinen, M., Kaariainen, J., & Teppola, S. (2017). Tackling the digitalization challenge: how to benefit from digitalization in practice, International journal of information systems and project management, 5 (1): 63-77.
Patel, D., Sinha, A., Bhansali, T., Usha, G., & Velliangiri, S. (2023). Blockchain in Food Supply Chain, Elsevier: Procedia Computer Science, 215: 321-330. https://doi.org/https://doi.org/10.1016/j.procs.2022.12.034.
Permana, F.P.W., and Darma, G.S. (2020). Implementation Digital Supply Chain Management System as a Reflection of Digital Transformation in New Normal Era: Study of System Crash and Fraud Prevention Analysis, Int. J Sup. Chain. Mgt, 9 (5): 1541-1551.
Prause, G. (2019). Smart contracts for smart supply chains, IFAC-PapersOnLine, 52 (13): 2501-2506.
Putra, I.G.N.A.P., and Darma, G.S. (2019). Is Bitcoin Accepted in Indonesia?, International Journal of Innovative Science and Research Technology, 4 (2): 424-430.
Qian, X., & Papadonikolaki, E. (2021). Shifting trust in construction supply chains through blockchain technology, Engineering, Construction and Architectural Management, 28 (2): 584-602.
Queiroz, M. M., Telles, R., & Bonilla, S. H. (2019). Blockchain and supply chain management integration: a systematic review of the literature, Emerald Insight: Supply Chain Management - An International Journal, 25 (2): 241-254. https://doi.org/10.1108/scm-03-2018-0143
Rana, R. L., Giungato, P., Tarabella, A., & Tricase, C. (2019). Blockchain applications and sustainability issues, Amfiteatru Economic, 21 (13): 861-870.
Rejeb, A., Rejeb, K., Keogh, J. G., & Zailani, S. (2022). Barriers to blockchain adoption in the circular economy: a fuzzy Delphi and best-worst approach. Sustainability, 14 (6): 3611.
Rogerson, M., & Parry, G. C. (2020). Blockchain: case studies in food supply chain visibility, Supply Chain Management: An International Journal, 25 (5): 601-614. https://doi.org/10.1108/scm-08-2019-0300.
Saberi, S., Kouhizadeh, M., & Sarkis, J. (2019). Blockchains and the Supply Chain: Findings from a Broad Study of Practitioners, IEEE Engineering Management Review, 47 (3): 95-103. https://doi.org/10.1109/emr.2019.2928264.
Saberi, S., Kouhizadeh, M., Sarkis, J., & Shen, L. (2018). Blockchain technology and its relationships to sustainable supply chain management, Taylor & Francis: International Journal of Production Research, 57 (7): 2117-2135. https://doi.org/10.1080/00207543.2018.1533261.
Sahebi, I. G., Masoomi, B., & Ghorbani, S. (2020). Expert oriented approach for analyzing the blockchain adoption barriers in humanitarian supply chain, Elsevier: Technology in Society, 63. https://doi.org/10.1016/j.techsoc.2020.101427.
Sandelowski, M., & Barroso, J. (2007). Handbook for synthesizing qualitative research. Springer Publishing Company, Inc.
Sanjaya, I. G. W., & Darma, G. S. (2023). Bali Smart Island: Smart City Implementation in Bali Province, Journal of Governance and Public Policy, 10 (2): 203-215. doi:https://doi.org/10.18196/jgpp.v10i2.17325.
Santhi, A. R., & Muthuswamy, P. (2022). Influence of Blockchain Technology in Manufacturing Supply Chain and Logistics, MDPI: Logistics, 6 (1). https://doi.org/10.3390/logistics6010015.
Saputra, U.W.E., & Darma, G.S. (2022). The Intention to Use Blockchain in Indonesia Using Extended Approach Technology Acceptance Model (TAM), CommIT (Communication and Information Technology) Journal, 16 (1): 27-35. https://doi.org/10.21512/commit.v16i1.7609.
Shen, B., Dong, C., & Minner, S. (2021). Combating Copycats in the Supply Chain with Permissioned Blockchain Technology, Production and Operations Management, 31 (1): 138-154. https://doi.org/10.1111/poms.13456.
Singh, R. K., Mishra, R., Gupta, S., & Mukherjee, A. A. (2022). Blockchain Applications for Secured and Resilient Supply Chains: A Systematic Literature Review and Future Research Agenda, Computers & Industrial Engineering, 108854.
Sodhi, M. S., & Tang, C. S. (2021). Extending AAA capabilities to meet PPP goals in supply chains. Production and Operations Management, 30 (3): 625-632.
Sternberg, H. S., Hofmann, E., & Roeck, D. (2020). The Struggle is Real: Insights from a Supply Chain Blockchain Case, Journal of Business Logistics, 42 (1): 71-87. https://doi.org/10.1111/jbl.12240.
Sunny, J., Undralla, N., & Madhusudanan Pillai, V. (2020). Supply chain transparency through blockchain-based traceability: An overview with demonstration, Elsevier: Computers & Industrial Engineering, 150. https://doi.org/10.1016/j.cie.2020.106895.
Sudiwedani, A., & Darma, G.S. (2020). Analysis of the effect of knowledge, attitude, and skill related to the preparation of doctors in facing industrial revolution 4.0, Bali Medical Journal, 9 (2): 524-530. https://dx.doi.org/10.15562/bmj.v9i2.1895.
Umami, Z., & Darma, G. S. (2021). Digital Marketing: Engaging Consumers With Smart Digital Marketing Content, Jurnal Manajemen dan Kewirausahaan, 23 (2): 94-103. https://doi.org/10.9744/jmk.23.2.94-103.
Wamba, S. F., & Queiroz, M. M. (2020). Industry 4.0 and the supply chain digitalisation: a blockchain diffusion perspective, Taylor & Francis: Production Planning & Control, 33 (2-3): 193-210. https://doi.org/10.1080/09537287.2020.1810756.
Wang, Y., Han, J. H., & Beynon-Davies, P. (2019). Understanding blockchain technology for future supply chains: a systematic literature review and research agenda, Emerald Insight: Supply Chain Management - An International Journal, 24 (1): 62-84. https://doi.org/10.1108/scm-03-2018-0148.
Wang, Y., Singgih, M., Wang, J., & Rit, M. (2019). Making sense of blockchain technology: How will it transform supply chains?, Elsevier: International Journal of Production Economics, 211: 221-236. https://doi.org/10.1016/j.ijpe.2019.02.002.
Wibawa, P. B. A., & Darma, G. S. (2023). Examining Portraits of Tax Avoidance in Transactions and Ownership of Crypto-Assets in The Post-Pandemic Era, International Journal of Economics, Business and Accounting Research (IJEBAR), 17 (1): 1–7. https://doi.org/10.33578/mbi.v17i9.355 .
Wong, L.-W., Tan, G. W.-H., Lee, V.-H., Ooi, K.-B., & Sohal, A. (2020). Unearthing the determinants of Blockchain adoption in supply chain management, International Journal of Production Research, 58 (7): 2100-2123.
Wright, A., & De Filippi, P. (2015). Decentralized blockchain technology and the rise of lex cryptographia. Available at SSRN 2580664.
Xu, P., Lee, J., Barth, J. R., & Richey, R. G. (2021). Blockchain as supply chain technology: considering transparency and security, International Journal of Physical Distribution & Logistics Management, 51 (3): 305-324.
Yadav, V. S., Singh, A. R., Raut, R. D., & Govindarajan, U. H. (2020). Blockchain technology adoption barriers in the Indian agricultural supply chain: an integrated approach. Elsevier: Resources, Conservation and Recycling, 161. https://doi.org/10.1016/j.resconrec.2020.104877.
Zhang, C., Wu, C., & Wang, X. (2020). Overview of Blockchain consensus mechanism. Proceedings of the 2020 2nd International Conference on Big Data Engineering.
Zhang, P., White, J., Schmidt, D. C., & Lenz, G. (2017). Applying software patterns to address interoperability in blockchain-based healthcare apps, arXiv preprint arXiv:1706.03700.
Zhang, X., Sun, P., Xu, J., Wang, X., Yu, J., Zhao, Z., & Dong, Y. (2020). Blockchain-based safety management system for the grain supply chain, IEEE Access, 8: 36398-36410.
Zhao, G., Liu, S., Lopez, C., Lu, H., Elgueta, S., Chen, H., & Boshkoska, B. M. (2019). Blockchain technology in agri-food value chain management: A synthesis of applications, challenges and future research directions, Computers in Industry, 109: 83-99.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Jurnal Manajemen Bisnis
This work is licensed under a Creative Commons Attribution 4.0 International License.
