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Supply chain finance and blockchain in operations management: a literature review

Supply chain finance and blockchain in operations management: a literature review
Supply chain finance and blockchain in operations management: a literature review

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.

blockchain, literature review, supply chain finance
2071-1050
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Zhang, Yun
4768c55d-3fd2-4b5e-a306-a23470ba2a7b
Alharithi, Mohammed
bc0427e1-27c2-47b3-bab2-759ee5f0adac
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Zhang, Yun
4768c55d-3fd2-4b5e-a306-a23470ba2a7b
Alharithi, Mohammed
bc0427e1-27c2-47b3-bab2-759ee5f0adac

Gong, Yu, Zhang, Yun and Alharithi, Mohammed (2022) Supply chain finance and blockchain in operations management: a literature review. Sustainability (Switzerland), 14 (20), [13450]. (doi:10.3390/su142013450).

Record type: Article

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.

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sustainability-14-13450-v4 - Version of Record
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More information

Accepted/In Press date: 3 October 2022
e-pub ahead of print date: 18 October 2022
Keywords: blockchain, literature review, supply chain finance

Identifiers

Local EPrints ID: 479511
URI: http://eprints.soton.ac.uk/id/eprint/479511
ISSN: 2071-1050
PURE UUID: 7ec58b16-470e-422c-8b11-db1f9f98c565
ORCID for Yu Gong: ORCID iD orcid.org/0000-0002-5411-376X

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Date deposited: 25 Jul 2023 16:50
Last modified: 17 Mar 2024 03:45

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Contributors

Author: Yu Gong ORCID iD
Author: Yun Zhang
Author: Mohammed Alharithi

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