This book takes a diverse perspective on the blockchain-driven supply chain and
attempts to delineate its various facets. The book primarily focuses on 12 significant
aspects of blockchain-driven supply chain. Chapter 1 of the book focuses on
explaining as to what is the architecture of the blockchain and blockchain-driven
supply chain. The chapter briefly describes the blockchain and focuses on using
Blockchain Technology in Smart Contracts and Supply Chains. We all know that the
functioning of a supply chain builds on three essential flows: materials, information,
and finances. Keeping in view these three flows, the first chapter explains the artefact
of Blockchain-Enabled Smart Contracts. The chapter can help businesses understand
how blockchain can improve contractual processes and make procurement and
payments a swift transaction. Chapter 2 focuses on understanding the relevance of
the antecedents of supply chain collaboration in the era of BCT and highlights the
opportunities and challenges for BCT implementation in SC networks. It reviews
some of the critical antecedents of SCC considering the BCT implementation and
explains how SC partners may leverage these technologies to enhance the network’s
collaborative advantage. It contributes to the domain of SCC by extending the
perception of underlying constructs of SCC when viewed in conjunction with the
BCSCM and motivating the researchers to reconsider the idea of SCC to benefit the
SC partners in the network.
Chapter 3 builds on the argument that scholastic literature is ambiguous on the
impacts of BCT on SC resilience directly and through other essential strategies like
SC mapping. The chapter explores blockchain-driven supply chain’s influence on
supply chain resilience. It operationalizes supply chain resilience as the constituent
of 3Rs (Readiness, Response, and Recovery) and suggests a framework linking
blockchain-driven supply chain with these three cords of supply chain resilience.
The chapter can help understand the innate complexities associated with BCSCM
and SC resilience. Another facet of resilience has been explained in the later part of
the book in Chap. 14, with a special focus on the role of a firm’s intellectual capital in
capitalizing BCSCM for Supply Chain Resilience. This chapter can help reader
understand the role of the human in the supply chain.
One of the long-standing issues firms are dealing with is inventory visibility and
management. Despite significant development in supply chain management
technologies, many aspects of inventory management are yet to be resolved. In this regard, Chap. 4 of this book explains the instrumentality of blockchain technology in managing the supply chain. A brief discussion on the role of blockchain in
inventory management has been given in the chapter, followed by recent
developments in the field. Adopting blockchain in supply chain management is a challenging task that
greatly depends upon the employees in the organization. To make the employees
ready to accept the change, leaders have to adopt transformational leadership. Using
leadership, organizations can provide the vision to employees to pursue the adoption
of blockchain technology. Additionally, through leadership, organizations can
address individual roadblocks hampering the adoption of blockchain. Chapters 5
and 6 have been allocated to explore the role of leadership in blockchain adoption.
Chapter 5 deals with the transformational leadership-blockchain adoption paradox
and explain what could be the most viable leadership style for blockchain adoption.
Whereas Chap. 6 reviews the extant literature on the linkages among leadership,
blockchain, and supply chain management. This chapter explains how businesses
may successfully introduce and integrate blockchain technology into the management of their supply networks through the role of leadership. As mentioned earlier,
traceability has been a core issue supply chains are dealing with. Be it the horse-meat
scandal or the COVID-led disruptions, the visibility has always been an issue if the
supply chain managers. In this regard, Chap. 7 undertakes a thorough discussion on
supply chain traceability with a special focus on the food sector and highlights some
of the loopholes in existing technologies, which can be overcome by BCT. The
chapter can be a wonderful read for those interested in the application of blockchain
for SC traceability.
Firms heavily rely on their supply chains for innovation especially open
innovation. Chapters 8 and 9 of the book have been dedicated to explaining the
diverse role of BCSCM in open innovation. The former (Chap. 8) offers a Supply
Chain Open Innovation Networks (SCOINET) framework backed by blockchain.
SCOINET can help guide policymakers to develop open innovation networks for the
supply chain and other functions. The later (Chap. 9) explores the linkage of
BCSCM with the open innovation.
Despite an increasing focus on supply chain resilience, sustainability has not lost
its importance. We can see increasing pressure on firms from outside and inside
sources to have more responsible and sustainable supply chains. Keeping in view the
significance of the topic, three interrelated chapters (Chaps. 10–12) explore the
various role of BCSCM in sustainability. Chapter 10 of the book examines the
role that a blockchain-driven supply chain can play in improving firm sustainability.
The conclusive argument of the chapter is that blockchain can be instrumental in
making a firm more sustainable. Chapter 11 focuses on the Role of Blockchain
Technology Adoption between Sustainability-Related Supply Chain Risks and
Triple Bottom Line Performance. Whereas Chap. 12 proposes a framework
illustrating the role of Intellectual Capital in Implementing Blockchain
Technology-driven Sustainable Supply Chain.
Chapter 13 has been dedicated to explaining blockchain technologies’ position
and role in Industry 4.0. It provides an overview of Industry 4.0 and related technologies. The chapter also highlights obstacles that may give rise to future areas
of study in B.Sc. and I4.0. Last two chapters of the book take a diverse approach.
Chapter 15 critically reviews the marketing, supply chain management, and
blockchain literature and explains the benefit from a blockchain-driven supply
chain. The chapter also discusses the application of blockchain technology in
marketing and the way it could disrupt the marketing mix and processes. This
chapter could be useful in understating the role of a blockchain-driven supply
chain in forecasting customer demands, enhancing the traceability and transparency
of transactions, improving customer trust, and reduce transaction risks. The last
chapter takes a macro approach and explains the linkage of Blockchain-Based
Digital Economy and Industry 4.0.
Before concluding, it is important to highlight the two aspects of the blockchaindriven supply chain that must be explored. First is Interoperability across BCSC
networks, which refers to the ability to trade, review, and access data across many
blockchain networks without the involvement of a mediator. Secondly, the
challenges, the grey or dark side of the blockchain, from the perspective of
capitalizing on the true strength of the technology.