Factors Influencing Blockchain Diffusion in the Supply Chain

Abstract

The literature concerning supply chain management (SCM) and blockchain integration is scarce, and organizations and decision makers still have a limited knowledge about blockchain solution diffusion in SCM. Under these circumstances, studies aimed to improving the understanding of the main blockchain diffusion factors are fundamental. This chapter is a contribution to bridging such gaps, as it aims to unlock the driving factors of blockchain diffusion in the SCM environment. Based on the emerging literature on blockchain, supply chain management, expectancy theory, and diffusion of innovations, a model was developed and validated, considering data from India's supply chain management professionals. The data was analyzed using partial least square structural equation modeling (PLS-SEM). The results indicated that IT deployment capability, compatibility, and trading partner pressure are factors that affect blockchain diffusion significantly. Also, the results bring essential managerial and theoretical implications regarding the blockchain diffusion in the SCM.