28 March 2024 | Abdel-Aziz Ahmad Sharabati and Elias Radi Jreisat
This paper provides a comprehensive review of the literature on the implementation of Blockchain technology in supply chain management (SCM). The study examines articles published between 2016 and 2022, focusing on the factors influencing the adoption and implementation of Blockchain in SCM. Key benefits of Blockchain in SCM include increased security, confidentiality, traceability, transparency, data accuracy, privacy, efficiency, accountability, and trust. However, the review also highlights several limitations and challenges, such as scaling issues, interoperability problems, legal and regulatory hurdles, high initial and ongoing costs, standardization difficulties, trust issues, energy consumption, low awareness, complexity of integration, and privacy concerns. Despite these challenges, Blockchain technology has the potential to transform SCM processes, leading to greater protection and efficiency. The paper aims to provide insights for supply chain practitioners and researchers, helping them understand the perspectives and strategies needed to effectively adopt and utilize Blockchain technology in SCM.This paper provides a comprehensive review of the literature on the implementation of Blockchain technology in supply chain management (SCM). The study examines articles published between 2016 and 2022, focusing on the factors influencing the adoption and implementation of Blockchain in SCM. Key benefits of Blockchain in SCM include increased security, confidentiality, traceability, transparency, data accuracy, privacy, efficiency, accountability, and trust. However, the review also highlights several limitations and challenges, such as scaling issues, interoperability problems, legal and regulatory hurdles, high initial and ongoing costs, standardization difficulties, trust issues, energy consumption, low awareness, complexity of integration, and privacy concerns. Despite these challenges, Blockchain technology has the potential to transform SCM processes, leading to greater protection and efficiency. The paper aims to provide insights for supply chain practitioners and researchers, helping them understand the perspectives and strategies needed to effectively adopt and utilize Blockchain technology in SCM.