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Adoption of Blockchain in Supply Chain Financing
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Author(s): Sakuntala Rao (S.P. Jain School of Global Management, Bangalore, India), Shalini Chandra (S.P. Jain School of Global Management, Bangalore, India)and Dhrupad Mathur (S.P. Jain School of Global Management, Dubai, UAE)
Copyright: 2024
Pages: 27
Source title:
Frameworks for Blockchain Standards, Tools, Testbeds, and Platforms
Source Author(s)/Editor(s): Yanamandra Ramakrishna (School of Business, Skyline University College, Sharjah, UAE)and Priyameet Kaur Keer (Department of Management Studies, New Horizon College of Engineering, India)
DOI: 10.4018/979-8-3693-0405-1.ch002
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Abstract
This study explores the factors that impact the adoption of blockchain in supply chain financing (SCF). Blockchain's unique features make it a good solution to the current problems in SCF. However, given that both blockchain and SCF are relatively new, there are almost no commercially viable large-scale implementations yet in this area. Research in the factors that drive the adoption of blockchain in SCF, is also scarce. Of the six identified determinants of adoption of blockchain in SCF, the study found four to be significant. Relative advantage, compatibility, organization readiness, and environment readiness influence the adoption of blockchain in SCF. Complexity and technology readiness are insignificant determinants, indicating a technically mature industry capable of handling current blockchain implementations in SCF and associated changes. The authors also found that trust has a mediating effect between compatibility and adoption and between environment readiness and adoption.
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