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Exploring the integration of blockchain technology into supply chain: challenges and performance

Dnyaneshwar Jivanrao Ghode (Department of Mechanical Engineering, Malaviya National Institute of Technology, Jaipur, India)
Vinod Yadav (Department of Automobile Engineering, Manipal University Jaipur, Jaipur, India)
Rakesh Jain (Department of Mechanical Engineering, Malaviya National Institute of Technology, Jaipur, India)
Gunjan Soni (Department of Mechanical Engineering, Malaviya National Institute of Technology, Jaipur, India)

Business Process Management Journal

ISSN: 1463-7154

Article publication date: 27 December 2022

Issue publication date: 13 January 2023

512

Abstract

Purpose

In the era of digitization, blockchain technology (BCT) has gained huge attraction in a variety of business processes including operations and supply chains (SC) of different industrial sectors. This paper aims that the adoption of BCT in SC enables the industries to integrate the stakeholders and its distinct features enhance the performance of SC.

Design/methodology/approach

An attempt is made to develop a BCT platform a pilot case of bearing-SC and identify the challenges and their solutions in the integration of BCT with SC. Moreover, the impact of BCT on measures of SC performance is also studied.

Findings

The results show enhanced transparency in the transactions, better security of the data, diminished latency period for transfer of information, improved traceability of the bearing, reduced time for payment transfer process and decreased nonvalue-added activities. Ultimately, overall trust of the customer can be improved by the integration of BCT in bearing-SC.

Originality/value

In the same way, BCT can be applied to SC of other components to assure the product quality to the end-users.

Keywords

Citation

Ghode, D.J., Yadav, V., Jain, R. and Soni, G. (2023), "Exploring the integration of blockchain technology into supply chain: challenges and performance", Business Process Management Journal, Vol. 29 No. 1, pp. 223-239. https://doi.org/10.1108/BPMJ-09-2022-0421

Publisher

:

Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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