Early Disruptors: Examining the Determinants and Consequences of Blockchain Early Adoption

2020 ◽  
Author(s):  
Feng Guo ◽  
Stephanie Walton ◽  
Patrick Wheeler ◽  
Yiyang (Ian) Zhang
Keyword(s):  
Supply Chain ◽  
Disruptive Technology ◽  
Managerial Behavior ◽  
Policy Makers ◽  
Adoption Decision ◽  
Technology Innovations ◽  
External Monitoring ◽  
Blockchain Technology ◽  
Early Adoption ◽  
Wide Range

This study examines factors that influence a public firm’s decision to early adopt blockchain technology. Blockchain technology has the potential to disrupt how firms collect, process, and maintain information about a wide range of firm activities including transactions and supply chain interactions. We examine several determinants of early adopt blockchain including patented technology, agency costs, complexity, and external monitoring. Our results suggest that blockchain early adoption involves opportunistic managerial behavior. Further, firms with greater technology innovations, proxied by number of patents, are more likely to disclose early adoption, possibly to overcome productivity concerns or attract inter-firm opportunities. We also examine the consequences of early adoption using a market-based approach. Our results suggest that blockchain adoption could be a lengthy and costly process. Our study provides evidence on why firms adopt this disruptive technology and informs regulators and policy makers on how managers can influence the blockchain early adoption decision.

scholarly journals Evaluation and Classification Risks of Implementing Blockchain in the Drug Supply Chain with a New Hybrid Sorting Method

2021 ◽  
Vol 13 (20) ◽  
pp. 11466
Author(s):  
Parisa Sabbagh ◽  
Rana Pourmohamad ◽  
Marischa Elveny ◽  
Mohammadali Beheshti ◽  
Afshin Davarpanah ◽  
...  
Keyword(s):  
Supply Chain ◽  
Literature Review ◽  
Technology Implementation ◽  
Integrated System ◽  
Drug Supply ◽  
Point Of Sale ◽  
Blockchain Technology ◽  
Medical Supplies ◽  
Wide Range ◽  
Drug Supply Chain

In blockchain technology, all registered information, from the place of production of the product to its point of sale, is recorded as permanent and unchangeable, and no intermediary has the ability to change the data of other members and even the data registered by them without public consensus. In this way, users can trust the accuracy of the data. Blockchain systems have a wide range of applications in the medical and health sectors, from creating an integrated system for recording and tracking patients’ medical records to creating transparency in the drug supply chain and medical supplies. However, implementing blockchain technology in the supply chain has limitations and sometimes has risks. In this study, BWM methods and VIKORSort have been used to classify the risks of implementing blockchain in the drug supply chain. The results show that cyberattacks, double spending, and immutability are very dangerous risks for implementation of blockchain technology in the drug supply chain. Therefore, the risks of blockchain technology implementation in the drug supply chain have been classified based on a literature review and opinions of the experts. The risks of blockchain technology implementation in the supply chain were determined from the literature review.

Study of Adoption and Absorption of Emerging Technologies for Smart Supply Chain Management

2021 ◽  
Vol 11 (2) ◽  
pp. 14-54
Author(s):  
Som Sekhar Bhattacharyya ◽  
Debojit Maitra ◽  
Subhamay Deb
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Dynamic Capabilities ◽  
Emerging Technologies ◽  
Big Data Analytics ◽  
Decisive Role ◽  
Chain Management ◽  
Blockchain Technology ◽  
Wide Range ◽  
Strategic Imperative

The world has been witnessing the advent of a wide range of emerging technologies like machine learning, big data analytics, artificial intelligence, blockchain technology, internet of things, and others. In supply chain management (SCM) functions, these technologies have increasingly been playing a decisive role in improving the overall success of an organization. So, the purpose of this article was to understand the strategic imperative of adopting smart SCM utilizing these emerging technologies by Indian firms. Thus, the context was of an emerging economy like India from a dynamic capabilities' perspective. The authors undertook a qualitative research with a positivist approach by undertaking expert interviews with 14 respondents. The respondents were interviewed with a semi-structured open-ended questionnaire. The responses were content analyzed for themes. The SCM experts were engaged in the adoption of emerging technologies to transform SCM. The adoption of emerging technologies helped SCM functions of Indian firms to cater to the increased expectations of customers.

scholarly journals Blockchain technology for sustainable supply chains of agri-food in Vietnam: a SWOT analysis

2021 ◽  
Vol 5 (1) ◽  
pp. first
Author(s):  
Tran Thien Vu ◽  
Hue Hoang Hong Trinh
Keyword(s):  
Sustainable Development ◽  
Supply Chain ◽  
Supply Chains ◽  
Swot Analysis ◽  
Value Added ◽  
Food Products ◽  
Local Context ◽  
Disruptive Technology ◽  
Technology Application ◽  
Blockchain Technology

Such a disruptive technology as the blockchain platform has a potential to provide value-added contributions towards multiple-disciplinary applications these days. Blockchain technology, considered as the second generation of the Internet in the digital age, has been applied in practice for various industry such as finance, healthcare, tourism, retailing, manufacturing, education, public sector, supply chains management, agri-food industry and so on. In which, supply chain operations, particularly agri-food management, becomes a prosperous beneficiary from blockchain technology. In the local context, Vietnam has been achieved the competitive advantages in agricultural production among the world in some agri-food products such as black peppercorn, cashew nuts, coffee, coconut, rice, and rubber. Furthermore, Vietnam is considered as one of pioneers in implementing blockchain technology for traceability and transparency of agri-food products across Association of South East Asian Nations (ASEAN) countries. However, design and implementation of the blockchain technology application in agri-food production in the case of Vietnam agriculture industry have been confronted with opportunities and challenges, besides its strengths and weaknesses in nature. This paper aims to concentrating on the analysis of Strengths, Weakness, Opportunities and Threats (SWOT) of blockchain-applied supply chain relevant to agri-food products. In addition, the application of blockchain technology in supply chains has been expected to promote the sustainable development of Vietnam agriculture, in the accordance with the United Nation Sustainable Development Goals (SDGs) in the 21st century. We adopt the research method of interpretive approach to synthesize the literature and reasonably induce research conclusions. We finally prescribe some policy recommendations and implications for agri-food stakeholders such as regional policy makers, agri-food based blockchain platform designers, executives, and farmers as users in relevant to facilitate the blockchain technology for agri-food chains in Vietnam agriculture.

scholarly journals Blockchain Potential in Tilapia Supply Chain in Ghana

2018 ◽  
Vol 11 (2) ◽  
pp. 104-118 ◽  
Author(s):  
Abderahman Rejeb
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Food Safety ◽  
Animal Protein ◽  
Disruptive Technology ◽  
Chain Management ◽  
Blockchain Technology ◽  
Management Processes

In a country like Ghana where Tilapia is the most preferred and cheapest source of animal protein, closer attention must be paid to the supply chain of such a product. This paper examines the major issues and problems in Tilapia supply chain and logistics in Ghana, and it suggests the intervention of the new and disruptive technology of blockchain.  Blockchain technology can have the potential to revolutionize the supply chain of Tilapia in Ghana and bring many advantages to the flow of Tilapia from farmers till the end consumers. Besides, it highlights the role of blockchain in ensuring food safety and in rebuilding a trustful network of Tilapia distribution between producers and customers. A model of Tilapia supply chain based on blockchain technology will be exhibited and explained to provide relative solutions to supply chain management processes of Tilapia.

scholarly journals Agri-food safety optimized by blockchain technology: review

2022 ◽  
Vol 75 (1) ◽  
Author(s):  
Iván González-Puetate ◽  
Carmen Luisa Marín Tello ◽  
Henry Reyes Pineda
Keyword(s):  
Supply Chain ◽  
Food Safety ◽  
Technological Development ◽  
Research Work ◽  
Distributed Database ◽  
Production Cycle ◽  
Disruptive Technology ◽  
Technology Application ◽  
Blockchain Technology ◽  
Production Distribution

Blockchain technology is a distributed database, an innovation tool in the agri-food supply chain in processes such as production, distribution, marketing. In this research work, the blockchain technology application in agri-food security processes was evaluated, establishing the best conditions for its adoption in companies, this proposal synthesizes the contributions as a disruptive technology, for this, the information was collected from the period 2018-2020 from the Scopus and Web of Science bases, performing an analysis of the information using the Atlas TI 8.4 software, establishing the focus of the research on a network of codes suggested by some authors. It was found that the contribution of Blockchain for the years of study was traceability 26%, supply chain 17.5%, technological development 10.4%, trust 9.8%, among others. It is concluded that establishing the theoretical link between technology and traceability processes in supply chains, traceability in the agri-food sector is essential to certify information of interest to the stakeholder group. This is because traceability is the transcendental element of the food safety system that allows guaranteeing control in the supply chain when processes are being recorded and enriching the databases, which can be available to the final consumer to check the details of the production cycle and that technological elements generate competitiveness in companies with blockchain in their procedures, promote high levels of transparency, data security, decentralization, among other terms associated with trust, and a better relationship with the consumer is developed and a greater number of sale increasing profitability.

scholarly journals Blockchain Technology: A literature review

2020 ◽  
Vol 5 (4) ◽  
pp. 53-66
Author(s):  
Rakesh Kumar ◽  
◽  
R.S. Mishra ◽  
Dharmanshu Kumar ◽  
Sunil . ◽  
...  
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Literature Review ◽  
Financial Services ◽  
Disruptive Technology ◽  
Extensive Literature ◽  
Smart Contracts ◽  
Chain Management ◽  
Profound Impact ◽  
Blockchain Technology

In the way of digitization, Blockchain Technology is regarded by many researchers and innovators as one of the most significant disruptive technology that “will revolutionize business and redefine companies and economies. This paper is based on the growing present anticipation that blockchain technology will have a profound impact on many sectors of the industry including, for instance, financial services, supply chain management, manufacturing, healthcare, fashion, and entertainment. Extensive literature is explored of peer-reviewed journals focusing about its working, in other than above area like smart contracts, pass, adaptation in various countries, its acceptance by peoples and about their potential uses, with their challenging impact in society and technology.

Foundations of Blockchain Technology for Industrial and Societal Applications

2018 ◽  
Author(s):  
Shivika Narang ◽  
Praphul Chandra ◽  
Shweta Jain ◽  
Narahari Y
Keyword(s):  
Supply Chain ◽  
Data Structure ◽  
Real World ◽  
New Wave ◽  
Distributed Consensus ◽  
Wave Technology ◽  
Blockchain Technology ◽  
Different Types ◽  
Original Application

The blockchain concept forms the backbone of a new wave technology that promises to be deployed extensively in a wide variety of industrial and societal applications. In this article, we present the scientific foundations and technical strengths of this technology. Our emphasis is on blockchains that go beyond the original application to digital currencies such as bitcoin. We focus on the blockchain data structure and its characteristics; distributed consensus and mining; and different types of blockchain architectures. We conclude with a section on applications in industrial and societal settings, elaborating upon a few applications such as land registry ledger, tamper-proof academic transcripts, crowdfunding, and a supply chain B2B platform. We discuss what we believe are the important challenges in deploying the blockchain technology successfully in real-world settings.

From Supply Chain Management to Blockchain-Based Management

2019 ◽  
pp. 59-63
Author(s):  
G. V. Zubakov ◽  
O D. Protsenko ◽  
I. O. Protsenko
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Digital Economy ◽  
Practical Implementation ◽  
Chain Management ◽  
Mutual Trade ◽  
Blockchain Technology ◽  
Distributed Ledger ◽  
Supply Chain Management System ◽  
The Government

The presented study addresses the current problems in the implementation of the distributed ledger (blockchain) technology in supply chain management mechanisms in the context of the digital economy. Aim. The study aims to analyze the application of the blockchain technology in modern economic processes from the perspective of logistics.Tasks. The authors consider the possibility of using the blockchain technology in the supply chain management system and explore ways to use the findings of the Eurasian Economic Commission (EEC) in the fieldof digital economy to organize information standardization processes within the supply chains of foreign and mutual trade.Methods. This study uses general scientific methods of cognition to examine approaches to the implementation of the blockchain technology in transport and logistics processes and to find opportunities for the implementation of smart contracts to ensure the traceability of the entire chain of commodity and information fl ws.Results. Implementation of the distributed ledger (blockchain) technology in the logistics processes of foreign and mutual trade increases the transparency of information fl ws and the speed of decisionmaking. This technology would allow the parties to negotiate directly, minimizing potential risks and the time required to approve a supply deal.Conclusions. The authors consider the possibility of using a systematic approach to the digitalization of transport and logistics processes and the subsequent standardization of information interaction at the B2B, B2G, and G2G levels, segmented by separate fields of transport and foreign trade and individual economic sectors. As a conclusion, the study assesses the prospects of the practical implementation of blockchain mechanisms in the creation of industrial platforms — digital platforms that provide integrated services for businesses and the government using a single window system.

Anti-corruption in History

2017 ◽  
Keyword(s):  
Financial Institutions ◽  
Global Media ◽  
Policy Makers ◽  
The Past ◽  
Human Wellbeing ◽  
Modern Period ◽  
Legitimate Power ◽  
Wide Range ◽  
Scant Attention ◽  
Over Time

Anticorruption in History is the first major collection of case studies on how past societies and polities, in and beyond Europe, defined legitimate power in terms of fighting corruption and designed specific mechanisms to pursue that agenda. It is a timely book: corruption is widely seen today as a major problem, undermining trust in government, financial institutions, economic efficiency, the principle of equality before the law and human wellbeing in general. Corruption, in short, is a major hurdle on the “path to Denmark”—a feted blueprint for stable and successful statebuilding. The resonance of this view explains why efforts to promote anticorruption policies have proliferated in recent years. But while the subjects of corruption and anticorruption have captured the attention of politicians, scholars, NGOs and the global media, scant attention has been paid to the link between corruption and the change of anticorruption policies over time and place. Such a historical approach could help explain major moments of change in the past as well as reasons for the success and failure of specific anticorruption policies and their relation to a country’s image (of itself or as construed from outside) as being more or less corrupt. It is precisely this scholarly lacuna that the present volume intends to begin to fill. A wide range of historical contexts are addressed, ranging from the ancient to the modern period, with specific insights for policy makers offered throughout.

scholarly journals Experimental Economics in Agriculture: A Review of Worldwide Research

Agronomy ◽  
2021 ◽  
Vol 11 (8) ◽  
pp. 1566
Author(s):  
Ernesto Mesa-Vázquez ◽  
Juan F. Velasco-Muñoz ◽  
José A. Aznar-Sánchez ◽  
Belén López-Felices
Keyword(s):  
Environmental Policy ◽  
Literature Review ◽  
Public Goods ◽  
Experimental Economics ◽  
Scientific Production ◽  
Bibliometric Study ◽  
Agricultural Activity ◽  
Global Level ◽  
Policy Makers ◽  
Wide Range

Over the last two decades, experimental economics has been gaining relevance in the research of a wide range of issues related to agriculture. In turn, the agricultural activity provides an excellent field of study within which to validate the use of instruments employed by experimental economics. The aim of this study is to analyze the dynamics of the research on the application of experimental economics in agriculture on a global level. Thus, a literature review has been carried out for the period between the years 2000 and 2020 based on a bibliometric study. The main results show that there has been a growing use of experimental economics methods in the research on agriculture, particularly over the last five years. This evolution is evident in the different indicators analyzed and is reflected in the greater scientific production and number of actors involved. The most relevant topics within the research on experimental economics in agriculture focus on the farmer, the markets, the consumer, environmental policy, and public goods. These results can be useful for policy makers and researchers interested in this line of research.

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