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Roadmap for integrating blockchain with Internet of Things (IoT) for sustainable and secured operations in logistics and supply chains: Decision making framework with case illustration

Author

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  • Kumar, Devinder
  • Singh, Rajesh Kr
  • Mishra, Ruchi
  • Daim, Tugrul U.

Abstract

Blockchain and Internet of Things (IoT) technologies have considerable potential to achieve sustainability in logistics and supply chain management. However, the integration of blockchain-IoT has not been explored extensively in past research. This research provides a complete analysis of the enablers for using blockchain-IoT to manage logistics and supply chains. It aims to explore and prioritise various enablers for its adoption. The Diffusion of Innovation and the Technology-Organisation-Environment theories are used in this research to examine blockchain-IoT adoption enablers. The enablers identification is confirmed using the Fuzzy-Delphi technique and then analysed using the fuzzy - Decision-Making Trial and Evaluation Laboratory tool to determine the strength of cause-effect hierarchical framework. The sensitivity analysis is also carried out to address the robustness of the results obtained. In order to measure the extent of a firm's readiness to adopt blockchain-IoT, a framework based on Graph Theory Matrix Method is proposed. It is illustrated with the help of a real life case. The results revealed that ‘sustainability focus’, ‘emphasis on emerging technology by organisation’, and ‘technology maturity’ are the top three enablers for blockchain-IoT adoption. Findings of study may motivate managers to include blockchain-IoT into their strategic planning processes based on their categorization of enablers into cause and effect categories. The research findings may also be used to the creation of efficient Blockchain-IoT deployment methods.

Suggested Citation

  • Kumar, Devinder & Singh, Rajesh Kr & Mishra, Ruchi & Daim, Tugrul U., 2023. "Roadmap for integrating blockchain with Internet of Things (IoT) for sustainable and secured operations in logistics and supply chains: Decision making framework with case illustration," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    • Handle: RePEc:eee:tefoso:v:196:y:2023:i:c:s004016252300522x
    DOI: 10.1016/j.techfore.2023.122837
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