BISMA (Bisnis dan Manajemen)
Vol. 16 No. 1 (2023)

The promise of blockchain: analysing potentials and barriers in supply chain management

Sinniati, Sinniati (Unknown)
Darma, Gede Sri (Unknown)



Article Info

Publish Date
20 Oct 2023

Abstract

This study explored the potential and barriers to implementing blockchain technology in Supply Chain Management (SCM). The purpose of the research was to determine the potential of implementing blockchain technology to enhance SCM performance, identify the challenges faced in implementing blockchain in SCM, and understand the constraints and obstacles that need to be overcome for successful implementation. The research method applied was a Systematic Literature Review (SLR) using the PRISMA protocol and the PICOC framework, with 73 papers collected from 2018 to June 2023. The study identified blockchain's potential to revolutionise SCM by enhancing traceability, transparency, efficiency, trust, and security. It also found that blockchain could support sustainability and anti-counterfeiting efforts. However, significant barriers exist, including technological challenges like immaturity, complexity, and scalability issues, as well as organisational and environmental hurdles such as lack of knowledge, high costs, and insufficient government regulation. To fully realise blockchain's benefits in SCM, stakeholders must address these barriers through targeted investments, fostering industry-wide collaboration, and establishing clear regulatory frameworks.

Copyrights © 2023






Journal Info

Abbrev

bisma

Publisher

Subject

Social Sciences

Description

BISMA (Bisnis dan Manajemen) is a peer-reviewed and open access platform which focuses on business, management, and entrepreneurship. The aim of BISMA is to be a authoritative source of information on it’s focuses. The scope of BISMA are but not strictly limited to: strategic management, good ...