Potential of blockchain technology in supply chain management: a literature review

Abstract

PurposeThe purpose of this paper is to review the existing literature on blockchain technology, present some trends and consider its potential value in supply chain management (SCM).Design/methodology/approachPapers that contained the word “blockchain” in their titles, keywords or abstracts were selected for conducting trend analyses.FindingsThe blockchain technology is rapidly making inroads in many industries and there is tremendous potential to eliminate intermediaries and to make SCM more efficient.Research limitations/implicationsThis analysis is limited to 299 papers from the EBSCO database through December 2018.Practical implicationsThis paper highlights the imperative role of blockchain technology that has created a discourse in the world of innovation and technology. This work will help academics to further the understanding of blockchain technology.Social implicationsBlockchain technology will provide transparency to consumers.Originality/valueThis paper presents the first review of blockchain technology and delves into its value in SCM. This work will help researchers in identifying the areas where blockchain is the most desirable and can be implemented.