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An analytical approach for evaluating the impact of blockchain technology on sustainable supply chain performance

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  • Yousefi, Samuel
  • Mohamadpour Tosarkani, Babak

Abstract

Nowadays, distributed ledger technologies (e.g., blockchain technology) can play significant roles in improving supply chain management and sustainability. Blockchain technology can support responsible sourcing and ensure compliance with environmental standards by boosting traceability and transparency in sustainable supply chains. Nevertheless, blockchain technology has not been widely applied in this field due to the lack of familiarity of managers with its intrinsic characteristics. This study investigates the performance improvement, arising from the blockchain implementation, to address the problem of managerial conservatism and this technology adoption. Accordingly, an analytical approach is proposed to identify blockchain technology adoption enablers and analyze their impact on supply chain performance. At first, the main enablers, derived from the literature review, are explored using network theory. The existing causal relationships between enablers are extracted based on a multi-expertise team members’ agreement. Then, the fuzzy inference system is employed to determine the weights of relationships between the identified enablers and supply chain performance-related targets. After modeling the extracted causal relationships using the fuzzy cognitive map model, a scenario is defined for each enabler, and its impact on improving supply chain performance is estimated by implementing the hybrid learning algorithm. Finally, the obtained outputs are used to prioritize the blockchain technology adoption enablers using the fuzzy data envelopment analysis model. The result of this study implies that the blockchain technology can have a significant impact on mineral supply chain performance by creating smart contracts and enhancing environmental sustainability, traceability, and transparency.

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  • Yousefi, Samuel & Mohamadpour Tosarkani, Babak, 2022. "An analytical approach for evaluating the impact of blockchain technology on sustainable supply chain performance," International Journal of Production Economics, Elsevier, vol. 246(C).
    • Handle: RePEc:eee:proeco:v:246:y:2022:i:c:s0925527322000226
    DOI: 10.1016/j.ijpe.2022.108429
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    18. Vincenzo Varriale & Antonello Cammarano & Francesca Michelino & Mauro Caputo, 2023. "Industry 5.0 and Triple Bottom Line Approach in Supply Chain Management: The State-of-the-Art," Sustainability, MDPI, vol. 15(7), pages 1-30, March.
    19. Patanjal Kumar & Sachin Kumar Mangla & Yigit Kazancoglu & Ali Emrouznejad, 2023. "A decision framework for incorporating the coordination and behavioural issues in sustainable supply chains in digital economy," Annals of Operations Research, Springer, vol. 326(2), pages 721-749, July.
    20. Lewis A. Njualem, 2022. "Leveraging Blockchain Technology in Supply Chain Sustainability: A Provenance Perspective," Sustainability, MDPI, vol. 14(17), pages 1-15, August.
    21. Abderahman Rejeb & Andrea Appolloni, 2022. "The Nexus of Industry 4.0 and Circular Procurement: A Systematic Literature Review and Research Agenda," Sustainability, MDPI, vol. 14(23), pages 1-21, November.
    22. Sunhilde Cuc, 2023. "Unlocking the Potential of Blockchain Technology in the Textile and Fashion Industry," FinTech, MDPI, vol. 2(2), pages 1-16, May.

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