What is it about?
Blockchain technology is a new and innovative way to store and share data. It has the potential to revolutionize many industries, including supply chain management. However, there are also some challenges to implementing blockchain in supply chains. This study investigates the challenges of implementing blockchain technology in sustainable supply chain management (SSC) and identified 24 barriers, which were categorized into five groups: Internet of Things (IoT), Strategic, Supply chain, Legislation, External factors. The study found that the barriers related to the supply chain have the most significant impact on the adoption of blockchain in SSC. The study also revealed that there are interrelations among the sub-barriers within the supply chain. For example, the lack of coordination and information sharing among supply chain members can make it difficult to implement standards and best practices. Finally, the study provides a strategic action plan to reduce the effects of supply chain barriers to blockchain adoption. The action plan is based on a fishbone diagram, which is a tool used to identify and analyze root causes of problems. The study's findings are important for both researchers and practitioners in the field of supply chain management. Researchers can use the findings to develop new theories and frameworks for blockchain adoption in SSC. Practitioners can use the findings to identify and address the challenges they face in implementing blockchain in their own supply chains.
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Why is it important?
First, it is one of the first studies to examine the barriers to blockchain adoption in sustainable supply chains using a holistic approach. The study considers a wide range of barriers, including IoT, strategic, supply chain, legislation, and external barriers. Second, the study uses a Fuzzy TOPSIS-ISM approach to rank and examine the relationships between the barriers. This approach is more robust than traditional methods, as it can account for uncertainty and vagueness in the data. Third, the study provides a practical roadmap for reducing the effect of SC barriers in the adoption process. This roadmap includes a strategic action plan and a fishbone diagram. The potential difference that this work could make is significant. By identifying and understanding the barriers to blockchain adoption, policymakers and businesses can develop more effective strategies for overcoming them. This could lead to the widespread adoption of blockchain technology in sustainable supply chains, which would have a number of benefits.
Perspectives
I think this article is very timely and important. Blockchain technology has the potential to revolutionize supply chains, making them more transparent, efficient, and sustainable. However, there are a number of challenges that need to be addressed before blockchain can be widely adopted in supply chains. I believe that the challenges identified in this article can be overcome through suggested strategic action plan, and that blockchain has the potential to play a major role in the development of sustainable supply chains.
Dewan Hafiz Nabil
Khulna University of Engineering and Technology
Read the Original
This page is a summary of: Exploring Blockchain Implementation Challenges for Sustainable Supply Chains: An Integrated Fuzzy TOPSIS–ISM Approach, Sustainability, September 2023, MDPI AG,
DOI: 10.3390/su151813891.
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