benefits, blockchain, suplychain
216263602
Applying blockchain technology to improve agri food traceability: A review of development methods, benefits and challenges
Abstract Traceability plays a vital role in food quality and safety management. Traditional Internet of Things (IoT) traceability systems provide the feasible solutions for the quality monitoring and traceability of food supply chains. However, most of the IoT solutions rely on the centralized server client paradigm that makes it difficult for consumers to acquire all transaction information and to track the origins of products. Blockchain is a cutting edge technology that has great potential for improving traceability performance by providing security and full transparency. However, the benefits, challenges and development methods of blockchain based food traceability systems are not yet fully explored in the current literature. Therefore, the main aim of this paper is to review the blockchain technology characteristics and functionalities, identify blockchain based solutions for addressing food traceability concerns, highlight the benefits and challenges of blockchain based traceability systems implementation, and help researchers and practitioners to apply blockchain technology based food traceability systems by proposing an architecture design framework and suitability application analysis flowchart of blockchain based food traceability systems. The results of this study contribute to better understanding and knowledge on how to improve the food traceability by developing and implementing blockchain based traceability systems. The paper provides valuable information for researchers and practitioners on the use of blockchain based food traceability management and has a positive effect on the improvement of food sustainability.
Huanhuan Feng Xuelong Wang Yanqing Duan Jiaxin Zhang Xiaoshuan Zhang
212737953
Blockchain in the operations and supply chain management: Benefits, challenges and future research opportunities
Abstract Blockchain technologies have captured the imagination of scholars, managers, and practitioners around the world. It is widely accepted by these actors that blockchain is not a buzzword, but a highly disruptive technology that is already remodeling the organizations and their supply chain business models. Despite the meaningful advance in the last years, blockchain applications regarding the operations and supply chain management (OSCM) are still in their infancy. Little is known about the role of blockchain in terms of operations traceability, as well in areas such as e commerce, agriculture, public services, etc. Therefore, this Special Issue seeks to extend our understanding of blockchain applications in OSCM and how firms create and capture business value with blockchain. To this effect, this Special Issue will provide a well articulated and in depth discussion of the role of blockchain in creating value in the domain of OSCM. Specifically, it is expected that more light is shed on how blockchain integrates with and impacts new business models, transforms relationships, and improves performance and competitive advantage in OSCM. Also, the evolution of blockchain was reviewed in order to provide a strong background to the readers. The literature review was performed taking into account a bibliometric perspective of blockchain related publications. The review supports the importance of this Special Issue by highlighting the urgent needs of this topic in this reputable journal. Finally, we provide future research directions and a guide for the papers presented in this Special Issue.
Int. J. Inf. Manag.
Samuel Fosso Wamba Maciel M Queiroz
116666889
Blockchain research, practice and policy: Applications, benefits, limitations, emerging research themes and research agenda
Abstract The blockchain has received significant attention from technology focussed researchers, highlighting its perceived impact and emerging disruption potential, but has been slow to engender any significant momentum within the Information Systems (IS) and Information Management (IM) literature. This study approaches the subject through an IS/IM lens developing the key themes from the blockchain based research via a comprehensive review. This analysis of the body of literature highlights that although few commercial grade blockchain applications currently exist, the technology demonstrates significant potential to benefit a number of industry wide use cases. This study expands on this point articulating through each of the key themes to develop a detailed narrative on the numerous potential blockchain applications and future direction of the technology, whilst discussing the many barriers to adoption. The study asserts that blockchain technology has the potential to contribute to a number of the UN Sustainability Development Goals and engender widespread change within a number of established industries and practices.
Int. J. Inf. Manag.
D Laurie Hughes Yogesh K Dwivedi S Misra Nripendra P Rana Vishnupriya Raghavan Viswanadh Akella
211690964
Translating High Hopes Into Tangible Benefits: How Incumbents in Supply Chain and Logistics Approach Blockchain
Blockchain is expected to have a transformational effect on supply chain and logistics due to its promise to improve the information flow between the supply chain partners. However, despite their high hopes, incumbent companies from supply chain and logistics are still struggling to deliver on this promise. In this explorative, qualitative interview study, we identify how incumbent companies try to make use of Blockchain in supply chain and logistics and we also analyze the barriers hampering them. The analysis of twenty four semi structured expert interviews and extensive secondary data collates a comprehensive picture of incumbent companies' activities around Blockchain adoption. We find that companies use Blockchain to drive digital transformation, constitute new business models and unify the industry through consortia. The main barriers to such solutions are a lack of technological usability and long term uncertainties. The results of our study provide evidence for theoretical constructs and guide managerial practice.
IEEE Access
Niels Hackius Moritz Petersen
214198548
Processes, benefits, and challenges for adoption of blockchain technologies in food supply chains: a thematic analysis
Blockchain technologies have become increasingly popular and attracted great interest in recent years. Beyond the financial sector, blockchain technologies are promising for addressing the current limitations in food supply chain management. As blockchain adoption for food supply chains is still in an early stage, it is significant to have a thematic framework to systematically understand the processes, benefits, and challenges. This paper aims to explore the adoption of blockchain technologies in food supply chains with a thematic analysis. Desktop research is conducted, and data is collected from online databases, including news article (e.g. Factiva) and research paper databases (e.g. Web of Science) Then we carry out a qualitative thematic analysis, according to the investigation processes suggested by Creswell. Based on the thematic analysis, we identify seven first order themes and two second order themes in adoption processes; thirteen first order themes, sixteen second order themes, and five third order themes in benefits; and fourteen first order themes and five second order themes in challenges. In addition, we discuss and propose how to improve blockchain adoption in food supply chains in practice.
Si Chen Xingchen Liu Jiaqi Yan Guangwei Hu Yani Shi
221258380
The benefits and threats of blockchain technology in healthcare: A scoping review
BACKGROUND The application of blockchain technology is being explored to improve the interoperability of patient health information between healthcare organisations while maintaining the privacy and security of data. OBJECTIVES The objective of this scoping review is to explore and categorise the benefits and threats of blockchain technology application in a healthcare system. METHODS Databases such as PubMed, CINAHL, IEEE, Springer, and ScienceDirect were searched using a combination of terms related to blockchain, healthcare, benefits and threats. Backward reference list checking was conducted to identify other relevant references. Study selection process was performed in three steps based on PRISMA flow diagram. Extracted data were synthesised and presented narratively using tables and figures. RESULTS The search resulted in 84 relevant studies that have been conducted of which only 37 unique studies were included in this review. Eight benefits of blockchain were categorised in either patient related benefits (security and authorisation, personalised healthcare, patients' health data tracking, and patient's health status monitoring) or organisational related benefits (health information exchange, pharmaceutical supply chain, clinical trials, and medical insurance management) Meanwhile, eight threats of blockchain were categorised into three groups: organisational threats (installation and transaction costs, interoperability issues, and lack of technical skills) social threats (social acceptance and regulations issues) and technological threats (scalability issues, authorisation and security issues, high energy consumption, and slow processing speeds) CONCLUSION Blockchain is a viable technology that can improve the healthcare data sharing and storing system owing to its decentralisation, immutability, transparency and traceability features. However, many healthcare organisations remain hesitant to adopt blockchain technology due to threats such as security and authorisation issues, interoperability issues and lack of technical skills related to blockchain technology.
Int. J. Medical Informatics
Israa Abu-Elezz Asma Hassan Anjanarani Nazeemudeen Mowafa Said Househ Alaa A Abd-alrazaq
219444185
On the Financing Benefits of Supply Chain Transparency and Blockchain Adoption
We develop a theory that shows signaling a firm's fundamental quality (e.g. its operational capabilities) to lenders through inventory transactions to be more efficient it leads to less costly ope.
Manag. Sci.
Jiri Chod Nikolaos Trichakis Gerry Tsoukalas Henry Aspegren Mark Weber
215827798
A Critical Review of Concepts, Benefits, and Pitfalls of Blockchain Technology Using Concept Map
Blockchain is relatively a new area of research. However, a surge of research studies on the blockchain has taken place in recent years. These research studies have mostly focused on designing and developing conceptual frameworks to build more reliable, transparent and efficient digital systems. While blockchain brings a wide variety of benefits, it also imposes certain challenges. Therefore, the objective of this research is to understand the properties of blockchain, its current uses, observed benefits and pitfalls to provide a balanced understanding of blockchain. A systematic literature review approach was adopted in this paper in order to attain the objective. A total of 51 articles were selected and reviewed. As outcomes, this research provides a summary of the state of the art research studies conducted in the area of blockchain. Furthermore, we develop a set of concept maps aiming to provide in depth knowledge on blockchain technology for its efficient and effective usage in the development of future technological solutions.
IEEE Access
Iyolita Islam Kazi Md Munim Shahrima Jannat Oishwee Muhammad Nazrul Islam
226335603
Measuring the perceived benefits of implementing blockchain technology in the banking sector
Abstract This study aims to measure the perceived business benefits of blockchain technology implementation in the banking sector and establish factors to measure these benefits. Concerns regarding security, values, and standards are essential to banking operations. Data was collected from 291 respondents who are either blockchain consultants, blockchain marketing experts, or CEOs/business heads of banks that are in the process of advising, consulting, or implementing blockchain technology. Confirmatory factor analysis (CFA) was carried out to assess the reliability and validity of the proposed instrument. The results support the proposed instrument and its five constructs. The scale emerging from this study indicates a good degree of reliability, validity and unidimensionality in each of its constructs. Technologies like blockchain are in their initial stages, and recent advances in blockchain technology may impact our findings. The developed instrument could help give decision makers a foundational view to measure the benefits of implementing blockchain technology before they choose to integrate it in their existing system. The scientific and societal significance of the study based on its practical and theoretical applications is presented at the end.
Poonam Garg Bhumika Gupta Ajay Kumar Chauhan Uthayasankar Sivarajah Shivam Gupta Sachin Modgil
225753336
Constraints and benefits of the blockchain use for real estate and property rights
Many recent social media posts and news may create a perception of big success in the use of blockchain for the real estate industry, land registration and protection of titles and property rights. A sobering outlook is crucial because misleading concepts may bury the whole idea of blockchain use. This paper aims to research the possibilities of blockchain and other distributed ledger technologies (DLT) and applicability of these technologies for different purposes in real estate, property rights and public registries.,This research is framed with policy studies and focuses on property rights, land registration regulatory framework and information and communication technologies innovations. The context of this paper is decentralization which has been developed in political science studies and the role of blockchain and DLT in it. Therefore, the provided analysis of blockchain and DLT is interdisciplinary research to interpret the facets of DLT technologies in the context of real estate and land title registration.,Permissioned and private DLT systems cannot be considered a significant evolutionary step in government systems. Blockchain, which is distinguished from permissioned systems as the technology of the immutable ledger that does not require authorities, is a new word in governance. However, this technology has some principal features that can restrain its implementation at the state level and thus require further research and development. The application of blockchain requires a proper architecture of overlaid technologies to support changes of outdated and mistaken data, address issues of digital identity and privacy, legal compliance and enforceability of smart contracts and scalability of the ledger.,This paper shows the constraints of the technology's properties which were not explained before in the context of title rights and land registration even though technological limits are known in more specific technical sources. Along with the known benefits this meant to help to avoid misinterpretation of some DLT features by non technical people. A multidisciplinary approach in analyzing the technology and laws helped to better understand what can and cannot be beneficial for public registries and the protection of property rights. The presented outcomes can be laid down as requirements for the technical protocols aimed at addressing the issues of DLT and public policies to put blockchain at the service of society.
Oleksii Konashevych