Role of blockchain elements in achieving supply chain management objectives - an empirical investigation Online publication date: Mon, 26-Oct-2020
by Subodh K. Kesharwani; Madhulika P. Sarkar; Shelly Oberoi
International Journal of Forensic Software Engineering (IJFSE), Vol. 1, No. 2/3, 2020
Abstract: Evolution of blockchain has transformed the supply chain activities and it has affected the various activities of organisations. This study attempts to explore the role of blockchain elements on supply chain management. A sample of 150 suppliers from retail industry (Delhi/NCR) was taken. The data is collected using a structured questionnaire based on five-point Likert's scale using convenience sampling. Six constructs, consisting of 12 items, are being identified and hypotheses are tested using factor analysis and model fit is done using confirmatory factor analysis (CFA) and structural equation modelling (SEM). The study highlights that modern blockchain technology will affect supply chain of retail industry in positive way as it provides the features of privacy, security, scalability and immutability. Hence, blockchain models should be adopted in supply chain which will be beneficial for all the stakeholders.
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