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Supply Chain Finance and Blockchain in Operations Management: A Literature Review

Author

Listed:
  • Yu Gong

    (School of Economics and Management, Yan’an University, Yan’an 716000, China
    Southampton Business School, University of Southampton, Southampton SO17 1BJ, UK)

  • Yun Zhang

    (China Triumph International Engineering Co., Ltd., Shanghai 200060, China)

  • Mohammed Alharithi

    (Southampton Business School, University of Southampton, Southampton SO17 1BJ, UK
    College of Science and Human Studies, Prince Sattam Bin Abdul Aziz University, Al Kharj 16273, Saudi Arabia)

Abstract

The emerging blockchain technology is believed to be a disruptive innovation in the fields of both supply chain management and financial management. Yet, little is known on the interaction of the two domains. In this paper, we conducted a thematic literature review in the novel field of blockchain and supply chain finance (SCF), which is based on 52 papers published from 2017 to 2021 in academic journals, proceedings and books. Based on thematic analysis, the current status of this field is concluded and presented in this research, including the challenges in traditional SCF, factors influencing blockchain adoption in SCF, blockchain-based SCF solutions, and the blockchain adoption mechanism and system design in SCF. Furthermore, a conceptual framework of blockchain adoption in SCF is developed, which combines the emerged themes. Finally, three future research directions are proposed for further research, including cost optimization of blockchain adoption in SCF, risk management of blockchain operations in SCF, and blockchain and sustainable SCF. This research presents a timely and useful summary on existing research and points out the future research directions on blockchain and SCF.

Suggested Citation

  • Yu Gong & Yun Zhang & Mohammed Alharithi, 2022. "Supply Chain Finance and Blockchain in Operations Management: A Literature Review," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:20:p:13450-:d:946256
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    References listed on IDEAS

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    2. Mohammad Wasiq & Abu Bashar & Syed Akmal & Mustafa Raza Rabbani & Mohd Afzal Saifi & Nishad Nawaz & Youssef Tarek Nasef, 2023. "Adoption and Applications of Blockchain Technology in Marketing: A Retrospective Overview and Bibliometric Analysis," Sustainability, MDPI, vol. 15(4), pages 1-20, February.

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