Advanced supply chains: Visibility, blockchain and human behaviour

Kharlamov, Alexander; Parry, Glenn

Abstract

Technological advances over the last decade saw the rise of ICT and IoT, paving the way for the Supply Chain of Things. Blockchain technology was one of the most recent and potentially most significant developments. Blockchain technology are secure by design and can enable decentralization and visibility, with application in cryptocurrency transactions, historical records, identity management, traceability, authentication, and many others. However, successful adoption of such technology requires that the people, process and technology are ready. We propose a conceptual framework where the concept and technology can balance between positive and negative manifestations depending on human behavior, therefore determining the success of Blockchain technology application in supply chains. While both the concept and technology are relatively ready, human behavior is a challenge as it is known that people suffer from habits and perform poorly when exposed to large volumes of data. Therefore, the development of advanced supply chains with much greater visibility enabled by Blockchain technology must take into consideration people in order to succeed.

• Deposit Date: Nov 27, 2017
• Peer Reviewed: Peer Reviewed
• Series Title: Contributions to Management Science
• Book Title: Innovation and Supply Chain Management - relationship, collaboration and strategies
• Keywords: blockchain, supply chain visibility, human behaviour, advanced supply chain
• Public URL: https://uwe-repository.worktribe.com/output/878095
• Contract Date: Nov 27, 2017