Understanding blockchain technology for future supply chains: a systematic literature review and research agenda

Abstract

Purpose

This paper aims to investigate the way in which blockchain technology is likely to influence future supply chain practices and policies.

Design/methodology/approach

A systematic review of both academic and practitioner literature was conducted. Multiple accounts of blockchain adoption within industry were also consulted to gain further insight.

Findings

While blockchain technologies remain in their infancy, they are gaining momentum within supply chains, trust being the predominant factor driving their adoption. The value of such technologies for supply chain management lies in four areas: extended visibility and traceability, supply chain digitalisation and disintermediation, improved data security and smart contracts. Several challenges and gaps in understanding and opportunities for further research are identified by this research. How a blockchain-enabled supply chain should be configured has also been explored from a design perspective.

Research limitations/implications

This systematic review focuses on the diffusion of blockchain technology within supply chains, and great care was taken in selecting search terms. However, the authors acknowledge that their choice of terms may have excluded certain blockchain articles from this review.

Practical implications

This paper offers valuable insight for supply chain practitioners into how blockchain technology has the potential to disrupt existing supply chain provisions as well as a number of challenges to its successful diffusion.

Social implications

The paper debates the poential social and economic impact brought by blockchain.

Originality/value

This paper is one of the first studies to examine the current state of blockchain diffusion within supply chains. It lays a firm foundation for future research.

Citation

Wang, Y., Han, J.H. and Beynon-Davies, P. (2019), "Understanding blockchain technology for future supply chains: a systematic literature review and research agenda", Supply Chain Management, Vol. 24 No. 1, pp. 62-84. https://doi.org/10.1108/SCM-03-2018-0148