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Barriers to the adoption of blockchain technology in business supply chains: a total interpretive structural modelling (TISM) approach

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  • Deepak Mathivathanan
  • K. Mathiyazhagan
  • Nripendra P. Rana
  • Sangeeta Khorana
  • Yogesh K. Dwivedi

Abstract

Blockchain is an emerging technology with a wide array of potential applications. This technology, which underpins cryptocurrency, provides an immutable, decentralised, and transparent distributed database of digital assets for use by firms in supply chains. However, not all firms are appropriately suited to adopt blockchain in the existing supply chain primarily due to their lack of knowledge on the benefits of this technology. Using Total Interpretive Structural Modelling (TISM) and Cross-Impact Matrix Multiplication Applied to Classification (MICMAC), this paper identifies the adoption barriers, examines the interrelationships between them to the adoption of blockchain technology, which has the potential to revolutionise supply chains. The TISM technique supports developing a contextual relationship-based structural model to identify the influential barriers. MICMAC classifies the barriers in blockchain adoption based on their strength and dependence. The results of this research indicate that the lack of business awareness and familiarity with blockchain technology on what it can deliver for future supply chains, are the most influential barriers that impede blockchain adoption. These barriers hinder and impact businesses decision to establish a blockchain-enabled supply chain and that other barriers act as secondary and linked variables in the adoption process.

Suggested Citation

  • Deepak Mathivathanan & K. Mathiyazhagan & Nripendra P. Rana & Sangeeta Khorana & Yogesh K. Dwivedi, 2021. "Barriers to the adoption of blockchain technology in business supply chains: a total interpretive structural modelling (TISM) approach," International Journal of Production Research, Taylor & Francis Journals, vol. 59(11), pages 3338-3359, June.
    • Handle: RePEc:taf:tprsxx:v:59:y:2021:i:11:p:3338-3359
    DOI: 10.1080/00207543.2020.1868597
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    1. Aadarsh Poduval & Maruti Sriram Ayyagari & Mohit Malinda & Vimal K.E.K & Anil Kumar & Jayakrishna Kandasamy, 2022. "Barriers in repurposing an existing manufacturing plant: a total interpretive structural modeling (TISM) approach," Operations Management Research, Springer, vol. 15(3), pages 1315-1340, December.
    2. Venkataiah Chittipaka & Satish Kumar & Uthayasankar Sivarajah & Jana Lay-Hwa Bowden & Manish Mohan Baral, 2023. "Blockchain Technology for Supply Chains operating in emerging markets: an empirical examination of technology-organization-environment (TOE) framework," Annals of Operations Research, Springer, vol. 327(1), pages 465-492, August.
    3. Ashish Dwivedi & Dindayal Agrawal & Ajay Jha & Massimo Gastaldi & Sanjoy Kumar Paul & Idiano D’Adamo, 2021. "Addressing the Challenges to Sustainable Initiatives in Value Chain Flexibility: Implications for Sustainable Development Goals," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(2), pages 179-197, December.
    4. Daojun Zhong & Tengfei Lyu, 2022. "Implementation of supply chain management practices and its effect on textile firm's performance at China: A mediation analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2515-2528, September.
    5. Muruvvet Deniz Sezer & Melisa Ozbiltekin-Pala & Yigit Kazancoglu & Jose Arturo Garza-Reyes & Anil Kumar & Vikas Kumar, 2023. "Investigating the role of knowledge-based supply chains for supply chain resilience by graph theory matrix approach," Operations Management Research, Springer, vol. 16(3), pages 1220-1230, September.
    6. Vimal K.E. K & Sivakumar K & Jayakrishna Kandasamy & Vaibhav Venkat & Raghuraman Srinivasan Mani, 2023. "Barriers to the adoption of digital technologies in a functional circular economy network," Operations Management Research, Springer, vol. 16(3), pages 1541-1561, September.
    7. Ulpan Tokkozhina & Ana Lucia Martins & Joao C. Ferreira, 2023. "Uncovering dimensions of the impact of blockchain technology in supply chain management," Operations Management Research, Springer, vol. 16(1), pages 99-125, March.
    8. Kayikci, Yasanur & Kabadurmus, Ozgur, 2022. "Barriers to the adoption of the mobility-as-a-service concept: The case of Istanbul, a large emerging metropolis," Transport Policy, Elsevier, vol. 129(C), pages 219-236.
    9. Durst, Susanne & Davila, Andrés & Foli, Samuel & Kraus, Sascha & Cheng, Cheng-Feng, 2023. "Antecedents of technological readiness in times of crises: A comparison between before and during COVID-19," Technology in Society, Elsevier, vol. 72(C).
    10. Xue Han & Pratibha Rani, 2022. "RETRACTED ARTICLE: Evaluate the barriers of blockchain technology adoption in sustainable supply chain management in the manufacturing sector using a novel Pythagorean fuzzy-CRITIC-CoCoSo approach," Operations Management Research, Springer, vol. 15(3), pages 725-742, December.
    11. M. Suguna & Bhavin Shah & S. Karthik Raj & M. Suresh, 2022. "A study on the influential factors of the last mile delivery projects during Covid-19 era," Operations Management Research, Springer, vol. 15(1), pages 399-412, June.
    12. Nagamani Subramanian & M. Suresh, 2022. "Social Sustainability Factors Influencing the Implementation of Sustainable HRM in Manufacturing SMEs," Humanistic Management Journal, Springer, vol. 7(3), pages 469-507, December.
    13. Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Maryam Aziz & Abdul Basit & Ifra Aziz Khan Niazi, 2023. "Using the Binary Matrices for Modeling the Supply Chain Issues of Virtual Shops: An Evidence from Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 548-564.
    14. M. Suguna & Bhavin Shah & B. U. Sivakami & M. Suresh, 2022. "Factors affecting repurposing operations in Micro Small and Medium Enterprises during Covid-19 emergency," Operations Management Research, Springer, vol. 15(3), pages 1181-1197, December.
    15. Sushil & Kamala Kannan Dinesh, 2022. "Structured Literature Review with TISM Leading to an Argumentation Based Conceptual Model," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 23(3), pages 387-407, September.
    16. Abdul Aziz Khan Niazi & Tehmina Fiaz Qazi & Asna Sarwar & Ifra Aziz Khan Niazi & Abdul Basit, 2023. "A Structural Model of Hindrances to Switch from Traditional to Virtual Real Estate Marketing in Pakistan," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 1-16.
    17. Li, Xue & Lai, Po-Lin & Yang, Ching-Chiao & Yuen, Kum Fai, 2021. "Determinants of blockchain adoption in the aviation industry: Empirical evidence from Korea," Journal of Air Transport Management, Elsevier, vol. 97(C).
    18. Balci, Gökcay & Surucu-Balci, Ebru, 2021. "Blockchain adoption in the maritime supply chain: Examining barriers and salient stakeholders in containerized international trade," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 156(C).
    19. Ieva Meidute-Kavaliauskiene & Amir Karbassi Yazdi & Amir Mehdiabadi, 2022. "Integration of Blockchain Technology and Prioritization of Deployment Barriers in the Blood Supply Chain," Logistics, MDPI, vol. 6(1), pages 1-16, March.

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