Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance

In recent years, the significance and prevalence of distributed ledger technology have grown. However, there is a lack of empirical studies examining the managerial and technological aspects essential for implementing it in the distribution network. The objective of this research is to develop a com...

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Main Authors: Lee, Khai Loon, Zhang, Tianyang
Format: Article
Language:English
Published: GAFTIM, 2023
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/39691/1/31.%202023_Revolutionizing%20supply%20chains_Unveiling%20the%20power%20of%20blockchain%20technology%20for%20enhanced%20transparency%20and%20performance.pdf
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author Lee, Khai Loon
Zhang, Tianyang
author_facet Lee, Khai Loon
Zhang, Tianyang
author_sort Lee, Khai Loon
collection UMP
description In recent years, the significance and prevalence of distributed ledger technology have grown. However, there is a lack of empirical studies examining the managerial and technological aspects essential for implementing it in the distribution network. The objective of this research is to develop a comprehensive framework for the adoption of blockchain technology in the entire distribution chain. This will be achieved by identifying the factors that facilitate adoption and experimentally evaluating their interdependencies and effects on adoption through empirical evidence collection. A quantitative approach was used to assess the model's main objective. The study focused on the medicine manufacturing industry to gather responses regarding the intention to use blockchain technology and its impact on supply chain performance. The findings revealed a significant positive relationship in the hypothetical model. Additionally, secondary data analysis, which considered previous research and online surveys, was conducted to assess the impact of blockchain technology on supply chain performance and the mediating role of supply chain transparency.
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spelling UMPir396912023-12-20T13:51:38Z http://umpir.ump.edu.my/id/eprint/39691/ Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance Lee, Khai Loon Zhang, Tianyang H Social Sciences (General) HD28 Management. Industrial Management T Technology (General) In recent years, the significance and prevalence of distributed ledger technology have grown. However, there is a lack of empirical studies examining the managerial and technological aspects essential for implementing it in the distribution network. The objective of this research is to develop a comprehensive framework for the adoption of blockchain technology in the entire distribution chain. This will be achieved by identifying the factors that facilitate adoption and experimentally evaluating their interdependencies and effects on adoption through empirical evidence collection. A quantitative approach was used to assess the model's main objective. The study focused on the medicine manufacturing industry to gather responses regarding the intention to use blockchain technology and its impact on supply chain performance. The findings revealed a significant positive relationship in the hypothetical model. Additionally, secondary data analysis, which considered previous research and online surveys, was conducted to assess the impact of blockchain technology on supply chain performance and the mediating role of supply chain transparency. GAFTIM, 2023 Article PeerReviewed pdf en cc_by_4 http://umpir.ump.edu.my/id/eprint/39691/1/31.%202023_Revolutionizing%20supply%20chains_Unveiling%20the%20power%20of%20blockchain%20technology%20for%20enhanced%20transparency%20and%20performance.pdf Lee, Khai Loon and Zhang, Tianyang (2023) Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance. International Journal on Technology, Innovation, and Management, 3 (1). pp. 19-27. ISSN 2789-777X. (Published) https://doi.org/10.54489/ijtim.v3i1.216
spellingShingle H Social Sciences (General)
HD28 Management. Industrial Management
T Technology (General)
Lee, Khai Loon
Zhang, Tianyang
Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title_full Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title_fullStr Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title_full_unstemmed Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title_short Revolutionizing supply chains: Unveiling the power of blockchain technology for enhanced transparency and performance
title_sort revolutionizing supply chains unveiling the power of blockchain technology for enhanced transparency and performance
topic H Social Sciences (General)
HD28 Management. Industrial Management
T Technology (General)
url http://umpir.ump.edu.my/id/eprint/39691/1/31.%202023_Revolutionizing%20supply%20chains_Unveiling%20the%20power%20of%20blockchain%20technology%20for%20enhanced%20transparency%20and%20performance.pdf
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