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Adoption of Blockchain for Sustainable Supply Chains: An Identification of Benefits, Challenges, and Risks

Kurtoglu, Nadir Yigit LU ; Adesanya, Abdulazeem LU and Manneh, Muhammed LU (2020) INFM10 20201
Department of Informatics
Abstract
Supply chain management (SCM) has become more challenging than ever, considering the effect of globalization on organizations as operating through transnational business networks. Conventional supply chains have been facing struggles such as lack of advanced technologies and traceability in operation, which then leads to operational inefficiencies. Blockchain (BC) technology offers a set of features that supply chains can leverage, including transparency, data reliability, security, auditability, and automation. Existing pressures from governments, communities, and consumers as drivers of reaching sustainability goals direct us to further evaluate the use of BC as a facilitator for sustainable supply chain management (SSCM). However, there... (More)
Supply chain management (SCM) has become more challenging than ever, considering the effect of globalization on organizations as operating through transnational business networks. Conventional supply chains have been facing struggles such as lack of advanced technologies and traceability in operation, which then leads to operational inefficiencies. Blockchain (BC) technology offers a set of features that supply chains can leverage, including transparency, data reliability, security, auditability, and automation. Existing pressures from governments, communities, and consumers as drivers of reaching sustainability goals direct us to further evaluate the use of BC as a facilitator for sustainable supply chain management (SSCM). However, there are also caveats associated with the adoption of BC technology. This thesis aims to evaluate the capabilities of BC technology in the context of SSCM. The authors construct a framework consisting of mainstream BC features, the three pillars of SSCM, together with challenges and risks. The findings of this study reflect that BC is promising to benefit the sustainability aspect of SCM through increasing transparency, security and integrity of data, and automation capability by smart executions. Nonetheless, there are also issues to reckon with, such as the increasing need for awareness and technical competence, organizational collaboration, and effective change management. (Less)
Please use this url to cite or link to this publication:
author
Kurtoglu, Nadir Yigit LU ; Adesanya, Abdulazeem LU and Manneh, Muhammed LU
supervisor
organization
alternative title
Adoption of BC for SSC - Is it a worthy disruption?: An Exploration of Benefits, Challenges, and Risks
course
INFM10 20201
year
type
H1 - Master's Degree (One Year)
subject
keywords
BC technology, SCM, sustainability, SSC
report number
INF20-045
language
English
id
9021632
date added to LUP
2020-06-26 17:00:47
date last changed
2020-06-29 03:39:32
@misc{9021632,
  abstract     = {{Supply chain management (SCM) has become more challenging than ever, considering the effect of globalization on organizations as operating through transnational business networks. Conventional supply chains have been facing struggles such as lack of advanced technologies and traceability in operation, which then leads to operational inefficiencies. Blockchain (BC) technology offers a set of features that supply chains can leverage, including transparency, data reliability, security, auditability, and automation. Existing pressures from governments, communities, and consumers as drivers of reaching sustainability goals direct us to further evaluate the use of BC as a facilitator for sustainable supply chain management (SSCM). However, there are also caveats associated with the adoption of BC technology. This thesis aims to evaluate the capabilities of BC technology in the context of SSCM. The authors construct a framework consisting of mainstream BC features, the three pillars of SSCM, together with challenges and risks. The findings of this study reflect that BC is promising to benefit the sustainability aspect of SCM through increasing transparency, security and integrity of data, and automation capability by smart executions. Nonetheless, there are also issues to reckon with, such as the increasing need for awareness and technical competence, organizational collaboration, and effective change management.}},
  author       = {{Kurtoglu, Nadir Yigit and Adesanya, Abdulazeem and Manneh, Muhammed}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Adoption of Blockchain for Sustainable Supply Chains: An Identification of Benefits, Challenges, and Risks}},
  year         = {{2020}},
}