Blockchain in supply chains: an unfulfilled promise

What is it about?

The paper examined how blockchain could boost trust and transparency in supply chains. While prior studies were optimistic, this study found limitations. Blockchain's complexity and information sharing reluctance among partners hindered its effectiveness. As a result, traditional consortia, acting as trusted third parties, still play a bigger role in supply chains.

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Why is it important?

Blockchain technology does not inherently improve trust and transparency in supply chains. Due to complexity and reluctance to share information, blockchain-based platforms fail to generate benefits in supply chains. Instead, supply chain partners rely on permissioned blockchains managed by consortia, making the blockchain itself largely unnecessary.