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Analysis Of The Benefits And Challenges In Implementing Blockchain Technology In Supply Chain Management
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Book Synopsis Analysis of the Benefits and Challenges in Implementing Blockchain Technology in Supply Chain Management by : Sandra Eldera
Download or read book Analysis of the Benefits and Challenges in Implementing Blockchain Technology in Supply Chain Management written by Sandra Eldera and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Blockchain and Supply Chain Management by : Nir Kshetri
Download or read book Blockchain and Supply Chain Management written by Nir Kshetri and published by Elsevier. This book was released on 2021-03-03 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain and Supply Chain Management combines discussions of blockchain and supply chains, linking technologies such as artificial intelligence, Internet of Things, satellite imagery, and machine vision. The book examines blockchain’s basic concepts, relevant theories, and its roles in meeting key supply chain objectives. The book addresses problems related to inefficiency, opacity, and fraud, helping the digitization process, simplifying the value creation process, and facilitating collaboration. The book is balanced between blockchain and supply chain application and theory, covering the latest technological, organizational and regulatory developments in blockchain from a supply chain perspective. The book discusses the opportunities, barriers, and enablers of blockchain in supply chain policy, along with legal and ethical implications. Supply chain management faces massive disruption with the dynamic changes in global trade, the impact of Covid-19, and technological innovation. Entire industries are also being transformed by blockchain, with some of the most promising applications in supply chain management. Provides theoretical and practical insights into both blockchain and supply chains Features numerous illustrative case studies, boxes, tables, and figures Examines blockchain's impacts on supply chains in four key industries: Food and beverage, healthcare, pharmaceuticals, and finance
Book Synopsis Beyond the Decentralized Dream-Navigating the Pitfalls of Blockchain Adoption in Supply Chain by : Herman Strange
Download or read book Beyond the Decentralized Dream-Navigating the Pitfalls of Blockchain Adoption in Supply Chain written by Herman Strange and published by Blockchain and Cryptocurrency Exposed. This book was released on 2023-05-23 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looking to adopt blockchain technology in your supply chain? Don't make the mistake of blindly following the hype! In "Beyond the Decentralized Dream: Navigating the Pitfalls of Blockchain Adoption in Supply Chain," you'll gain an in-depth understanding of the potential benefits and challenges of blockchain technology in supply chain management. This comprehensive guide offers a balanced and insightful analysis of the promises and limitations of blockchain technology. You'll explore real-world examples of successful and failed blockchain implementation and gain practical strategies for mitigating risks and challenges. Learn how blockchain can revolutionize supply chain management by improving transparency, efficiency, and trust. But also, be aware of the potential pitfalls, including legal and regulatory challenges, environmental impacts, and ethical considerations. Whether you're a business leader, supply chain professional, or blockchain enthusiast, this book is a must-read before embarking on any blockchain adoption project. With "Beyond the Decentralized Dream," you'll gain the knowledge and tools necessary to make informed decisions about blockchain implementation in your supply chain. Don't miss out on this critical resource for navigating the complex world of blockchain adoption!
Book Synopsis Utilizing Blockchain Technologies in Manufacturing and Logistics Management by : Goyal, S. B.
Download or read book Utilizing Blockchain Technologies in Manufacturing and Logistics Management written by Goyal, S. B. and published by IGI Global. This book was released on 2022-01-21 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain technology has the potential to utterly transform supply chains, streamline processes, and improve the whole of security. Manufacturers across the globe face challenges with forecasting demand, controlling inventory, and accelerating digital transformation to cater to the challenges of changing market dynamics and evolving customer expectations. Hence, blockchain should be seen as an investment in future-readiness and customer-centricity, not as an experimental technology. Utilizing Blockchain Technologies in Manufacturing and Logistics Management explores the strengths of blockchain adaptation in manufacturing industries and logistics management, which include product traceability, supply chain transparency, compliance monitoring, and auditability, and also examines the current open issues and future research trends of blockchain. Leveraging blockchain technology into a manufacturing enterprise can enhance its security and reduce the rates of systematic failures. Covering topics such as fraud detection, Industry 4.0, and security threats, this book is a ready premier reference for graduate and post-graduate students, academicians, researchers, industrialists, consultants, and entrepreneurs, as well as micro, small, and medium enterprises.
Book Synopsis Maritime Supply Chains by : Thierry Vanelslander
Download or read book Maritime Supply Chains written by Thierry Vanelslander and published by Elsevier. This book was released on 2020-04-08 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maritime Supply Chains breaks the maritime chain into components, consistently relating them to the overall integrated supply chain. The book not only analyzes and provides solutions to frequently encountered problems and key operational issues, it also applies cutting-edge scientific techniques on the maritime supply chain. Sections consider shipping, ports and terminals, hinterland and the issues that intersect different parts of the chain. Readers will find discussions of the various actors at play and how they relate to the overall function of the supply chain. Finally, the book offers solutions to the most pressing problems, thus providing a unique, well-balanced account. Provides a comprehensive and integrative account of the maritime supply chain, from shipping, to port, to hinterland Cuts through the maritime supply chain to offer a transversal picture on how the chain functions Applies rigorous analytical techniques to give solutions to the most frequent and pressing challenges facing maritime supply chains Considers advances, such as blockchain, that are set to transform maritime supply chains
Book Synopsis Blockchain Technology Applications in Businesses and Organizations by : De Giovanni, Pietro
Download or read book Blockchain Technology Applications in Businesses and Organizations written by De Giovanni, Pietro and published by IGI Global. This book was released on 2021-12-17 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain technology has the ability to disrupt industries and transform business models since all intermediaries and stakeholders can now interact with little friction and at a fraction of the current transaction costs. Using blockchain technology, firms can undergo new applications and processes by pursuing transparency and control, low bureaucracy, trustless relationships, high standards of responsibility, and sustainability. As a result, business and organizations can successfully implement blockchain to grant transparency to consumers and end-users; remove challenges linked to pollution, frauds, human rights, abuse, and other inefficiencies; as well as guaranteed traceability of goods and services by univocally identifying the provenance inputs' quantity and quality along with their treatment and origin. Blockchain Technology Applications in Businesses and Organizations reveals the true advantages that blockchain entails for firms by creating transparent and digital transactions, resolves conflicts and exceptions, and provides incentive-based mechanisms and smart contracts. This book seeks to create a clear understanding of blockchain's applications such that business leaders can see and evaluate its real advantages. Blockchain is then analyzed not from the typical perspective of financial tools using cryptocurrencies and bitcoins but from the perspective of the business advantages for business and organizations. Specifically, the book highlights the advantages of blockchain across different segments and industries by analyzing specific aspects like procurement, manufacturing, contracts, inventory, logistics, operations, sustainability, technology, and innovation. It is an essential reference source for managers, executives, IT specialists, students, operations managers, supply chain managers, project managers, technology managers, academicians, and researchers.
Book Synopsis Applications of Blockchain Technology in Business by : Mohsen Attaran
Download or read book Applications of Blockchain Technology in Business written by Mohsen Attaran and published by Springer Nature. This book was released on 2019-09-25 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book discusses the various ways that blockchain technology is changing the future of money, transactions, government, and business. The first two chapters walk through the foundation of blockchain. Chapters 3–12 look at applications of blockchain in different industries and highlight its exciting new business applications. It show why so many companies are implementing blockchain, and present examples of companies who have successfully employed the technology to improve efficiencies and reduce costs. Chapter 13 highlights blockchain’s powerful potential to foster emerging markets and economies including smart cities, value-based healthcare, decentralized sharing economy, machine to machine transactions, data-sharing marketplace, etc. Chapter 14 offers a conceptual model, provides information and insights, and covers a step-by-step approach to plan and develop blockchain-based technology.
Book Synopsis Research Methods for Clinical and Health Psychology by : David F Marks
Download or read book Research Methods for Clinical and Health Psychology written by David F Marks and published by SAGE. This book was released on 2004 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: The research methods described and illustrated in this book are those particularly useful to the field of clinical and health psychology and cover both qualitative and quantitative approaches.
Book Synopsis Cost-benefit Analysis of a Blockchain-based Supply Chain Finance Solution by : Patara Panuparb
Download or read book Cost-benefit Analysis of a Blockchain-based Supply Chain Finance Solution written by Patara Panuparb and published by . This book was released on 2019 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past few years, blockchain technology has shown great potential to disrupt existing supply chain finance solutions, as it could increase the efficiency of invoice processing and provide a more transparent and secure transactions. However, the costs and benefits of implementing blockchain technology in supply chain finance for involved parties are still unclear, since research on the topic is scarce. This thesis explores the net value of implementing blockchain technology in supply chain finance arrangement by using cost-benefit analysis. A cost-benefit model and the operating processes of traditional and blockchain-based supply chain finance solutions are proposed and applied to a real-world case study. We prove that blockchain technology increases the total net benefit among involved parties participating in the supply chain finance arrangement as a result of improved efficiency of invoice processing. We also find that suppliers would benefit from blockchain-based supply chain finance if the benefit from the unlocked working capital outweighs the cost of the platform fee. Another finding is that the buyer does not benefit from the technology in terms of unlocked working capital.
Book Synopsis Blockchain Driven Supply Chain Management by : Muhammad Shujaat Mubarik
Download or read book Blockchain Driven Supply Chain Management written by Muhammad Shujaat Mubarik and published by Springer Nature. This book was released on 2023-04-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims to present a multi-dimensional view on the blockchain-driven supply chain management and its linkage with open innovation, digital technologies, supply chain sustainability, mapping, visibility, and resilience. It offers topic from three important themes: first, what is the architecture and design of BCSCM and how does it differ from the conventional supply chains; second, performance impacts of BCSCM; and third, implementation challenges and role of leadership. Hence, the book provides a diverse perspective on the understanding, architecture, impacts, and implementation of blockchain-driven supply chain management. It shows the importance of blockchain-driven supply chain management for contemporary organizations: how it contributes to supply chain traceability, resilience, and sustainability. The book also demonstrates as to how adoption of blockchain-driven supply chain management requires to consider intangible forms of intellectual capital (human, processes, and relationships), which is different from more traditional forms. This is a book for supply chain management practitioners, researchers, and academician who want to understand the role of blockchain in supply chain, for supply chain managers who want to be at the cutting edge by adopting the BCSCM, for those early in their careers who seek a challenging new path, and for the top-level managers of the world who have their eye on the future.
Book Synopsis Management model for social and environmental impact in logistics through blockchain technologies by : Verhoeven, Peter
Download or read book Management model for social and environmental impact in logistics through blockchain technologies written by Verhoeven, Peter and published by Universitätsverlag der TU Berlin. This book was released on 2022-05-04 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the context of the advancing digitalization of logistics processes, blockchain technologies are gaining in importance. Within the scope of sustainable logistics networks, they contribute to cross-stakeholder transparency and support the tracking and verification of products and processes to improve social and environmental parameters. The goal of this work is to develop a holistic management model to help users understand blockchain technologies in the context of their logistics network and to assess the mindful adoption of these technologies to specific problems. In addition, the model should enable the conclusion of expected impacts on participating actors within the logistics network with regard to social and environmental sustainability and, in a further step, provide a holistic approach to the implementation of blockchain technologies. Methodologically, a systematic literature analysis, two workshops and a case study exploration will be conducted for this purpose. Within the systematic literature analysis, 285 articles are evaluated and 53 relevant articles are synthesized. Based on the Nominal Group Technique, a first workshop with 30 experts from manufacturing companies, logistics service providers, technology companies and universities will be conducted and supplemented by a subsequent survey. In a second workshop, three use cases of blockchain technologies are analyzed with 24 experts in open and moderated group discussions. Finally, three exemplary case studies and eight expert interviews are conducted and systematically evaluated with respect to cross-case findings. The result of this thesis is a four-phase management model that guides users through the process of evaluating and implementing blockchain technologies in the context of sustainable logistics. While the first phase assesses requirements of the logistics network for general applicability of blockchain technologies, the second phase includes a model for the mindful adoption of blockchain technologies. Based on this, phase three provides a sustainability impact model to explain social and environmental impacts of individual actors involved in the logistics network. The fourth phase ultimately represents the implementation of blockchain technologies in logistics and is based on five management areas in which specific design recommendations, methods and tools are provided to enable a successful implementation. Finally, the thesis provides an outlook on a future vision and shows which changes in logistics networks can be expected due to blockchain technologies. Im Rahmen der voranschreitenden Digitalisierung von Logistikprozessen gewinnen Blockchain-Technologien zunehmend an Bedeutung. Sie leisten im Kontext nachhaltiger Logistiknetzwerke einen Beitrag zur akteursübergreifenden Transparenz und unterstützen die Nachverfolgung und Verifizierung von Produkten und Prozessen zur Verbesserung sozialer und ökologischer Parameter. Ziel dieser Arbeit ist es, ein ganzheitliches Management Modell zu entwickeln, das Anwender dabei unterstützt, Blockchain-Technologien im Kontext ihres Logistiknetzwerks zu verstehen und die achtsame Anwendbarkeit dieser Technologien für spezifische Problemstellungen zu prüfen. Zudem soll das Modell eine Ableitung der zu erwartenden Effekte auf beteiligte Akteure innerhalb des Logistiknetzwerkes hinsichtlich der sozialen und ökologischen Nachhaltigkeit ermöglichen und in einem weiteren Schritt einen ganzheitlichen Ansatz zur Implementierung von Blockchain-Technologien bereitstellen. Methodisch werden dafür eine systematische Literaturanalyse, zwei Workshops sowie eine Fallstudienuntersuchung durchgeführt. Im Rahmen der systematischen Literaturanalyse werden 285 Artikel ausgewertet und 53 relevante Artikel synthetisiert. Basierend auf der Nominal Group Technique wird ein erster Workshop mit 30 Experten von Fertigungsunternehmen, Logistikdienstleistern, Technologieunternehmen und Hochschulen durchgeführt und durch eine anschließende Befragung ergänzt. Im Rahmen eines zweiten Workshops werden drei Anwendungsfälle von Blockchain-Technologien mit 24 Experten in offenen und moderierten Gruppendiskussionen analysiert. Abschließend werden drei exemplarische Fallstudien sowie acht Experteninterviews durchgeführt und systematisch hinsichtlich fall-übergreifender Erkenntnisse ausgewertet. Das Ergebnis dieser Arbeit ist ein vierphasiges Management Modell, dass den Anwender durch den Prozess der Bewertung und Implementierung von Blockchain-Technologien im Kontext nachhaltiger Logistik führt. Während in der ersten Phase Anforderungen des Logistiknetzwerks auf generelle Eignung für Blockchain-Technologien geprüft werden, umfasst die zweite Phase ein Modell für die achtsame Adoption. Darauf aufbauend wird in Phase drei ein Modell zur Erklärung sozialer und ökologischer Effekte einzelner beteiligter Akteure des Logistiknetzwerks bereitgestellt. Die vierte Phase repräsentiert letztlich die Implementierung von Blockchain-Technologien in der Logistik und basiert auf fünf Managementbereichen, in denen gezielt Handlungsempfehlungen, Methoden und Werkzeuge bereitgestellt werden, um eine erfolgreiche Umsetzung zu ermöglichen. Abschließend gibt die Arbeit einen Ausblick auf eine zukünftige Vision und zeigt auf, welche Veränderungen in Logistiknetzwerken durch Blockchain-Technologien zu erwarten sind.
Book Synopsis 2019 28th International Conference on Computer Communication and Networks (ICCCN) by : IEEE Staff
Download or read book 2019 28th International Conference on Computer Communication and Networks (ICCCN) written by IEEE Staff and published by . This book was released on 2019-07-29 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Communications and Networks, Communication and Information Theory, Optical Networking, Networking for Sustainability and Energy Efficiency, Network Science and Social Networks, Internet Services and Applications, Multimedia, QoS and Traffic Modeling, Network Architecture and Clean Slate Designs, Grid and Cloud Computing, Cognitive Radio Networks, Network Algorithms and Performance Evaluation, Security Privacy Trust, Sensor Networks Embedded Systems Pervasive Computing, Wireless Ad Hoc and Mesh Networks, Wireless LAN Cellular Heterogeneous Networks, Wireless Communication
Book Synopsis Blockchain for Business by : Jai Singh Arun
Download or read book Blockchain for Business written by Jai Singh Arun and published by Addison-Wesley Professional. This book was released on 2019-01-30 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Pragmatic Guide to Driving Value and Disrupting Markets with Blockchain "Blockchain’s potential to transform businesses has generated a tremendous amount of excitement across industries. However, it can be difficult for decision makers to develop a practical approach to blockchain for their specific business requirements. By identifying and clearly describing the value of blockchain for enterprises, as well as the processes required to harness blockchain to achieve business objectives, Blockchain for Business presents a startlingly concise yet comprehensive roadmap for business leaders. This book is an excellent resource for anyone looking to leverage blockchain to transform their business." —Dr. Won-Pyo Hong, President & CEO of Samsung SDS “Much has been written about blockchain in the past few years: what it is and what it is not (at various levels of detail), as well as the technology’s long-term strategic value for companies, industries, and economies. However, what we’ve been missing is a practical, operational, ‘how to’ set of steps for creating, implementing, and operating a blockchain-based solution. This book aims to fill that gap. It’s an invaluable tool for anyone ready to take the plunge and start taking advantage of this remarkable technology.” —Irving Wladawsky-Berger, research affiliate, MIT; columnist, WSJ CIO Journal; VP Emeritus, IBM "I will never be able to adequately express how useful this book will be to my class. In addition the great chapters on cybersecurity, I loved the Integration Models, especially 'Coexistence with Systems of Record.' Legacy integration with Blockchain is a critical barrier, and you nailed it!" —Thomas Doty, JD, LLM - Adjunct Professor, University of New Hampshire Law Blockchain enables enterprises to reinvent processes and business models and to pursue radically disruptive applications. Blockchain for Business is a concise, accessible, and pragmatic guide to both the technology and the opportunities it creates. Authored by three experts from IBM’s Enterprise Blockchain practice, it introduces industry-specific and cross-industry use cases, and reviews best-practice approaches to planning and delivering blockchain projects. With a relentless focus on real-world business outcomes, the authors reveal what blockchain can do, what it can’t do yet, and where it’s headed. Understand five elements that make blockchain so disruptive: transparency, immutability, security, consensus, and smart contracts Explore key use cases: cross-border payments, food and drug safety, provenance, trade finance, clinical trials, land registries, and more See how trusted blockchain networks are facilitating entirely new business models Compare blockchain types: permissioned, permissionless, private, public, federated, and hybrid Anticipate key technical, business, regulatory, and governance challenges Build blockchain financial models, investment rubrics, and risk frameworks Organize and manage teams to transform blockchain plans into reality Whether you’re a senior decision maker, technical professional, customer, or investor, Blockchain for Business will help you cut through the hype and objectively assess blockchain’s potential in your business. Register your product for convenient access to downloads, updates, and/or corrections as they become available.
Book Synopsis Recent Advances in Blockchain Technology by : Sandeep Kumar Panda
Download or read book Recent Advances in Blockchain Technology written by Sandeep Kumar Panda and published by Springer Nature. This book was released on 2023-02-11 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides insights on blockchain technology and its applications in real-world business, supply chain, health care, education, HRM, retail, logistics and transport industries. This book grants a comprehensive understanding of how this technology is functioning within modern real-world applications and how it can influence the future of the real-world applications in industry. The chapters cover the case study, applications of blockchain, benefits and challenges, disruptive innovations in real-world applications, privacy and security concerns, and the recent trends of blockchain in real-world applications. It is ideally intended for marketers, advertisers, brand managers, executives, managers, IT specialists and consultants, researchers, businesses, practitioners, stakeholders, academicians, and students interested in blockchain technology and its role in supply chain, health care, education, HRM, retail, logistics and transport industries.
Book Synopsis Blockchain in Supply Chain Digital Transformation by : Trevor Clohessy
Download or read book Blockchain in Supply Chain Digital Transformation written by Trevor Clohessy and published by CRC Press. This book was released on 2023-02-24 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain and distributed ledger technology (DLT) have been identified as emerging technologies that can enhance global supply chain management processes. Given the embryonic nature of the technology, use cases pertaining to how it can be adopted and deployed in supply chain contexts are scarce. This book shares blockchain supply chain use cases across a range of industries including smart cities, food imports, product traceability, decentralised finance, procurement, energy management, consensus mechanism security, and industry 4.0. Given its scope, it is primarily intended for academics, students, researchers, and practitioners who want to learn more about how blockchain can digitally transform global supply chains.
Book Synopsis The Innovator’s Imperative by : Stephen J Andriole
Download or read book The Innovator’s Imperative written by Stephen J Andriole and published by CRC Press. This book was released on 2017-10-17 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The pace of technological change is accelerating, hyper competition is growing, opportunities for business model disruption are exploding, and comprehensive cloud delivery is readily available. These factors challenge every aspect of business technology strategy. The Innovator’s Imperative: Rapid Technology Adoption for Digital Transformation prepares twenty-first century businesses leaders for competing and leading in this disruptive digital environment. Five years of research conducted by the authors suggests that leading companies have all but abandoned the requirements analysis and modeling best practices of the twentieth century. Accordingly, the authors put forth the innovator’s imperative that contends: All companies wanting to be competitive should adopt emerging and disruptive technologies as quickly as possible, and in many cases, immediately. Technology is driving business strategy, and companies are rethinking their technology strategy, especially the governance that determines how and why technology investments are made. Based on their research the authors have developed a five-step framework for digital transformation: Model and simulate Identify high-leverage opportunities Prioritize transformational targets Identify digital opportunities Find courageous leaders The book explains each of these steps to guide business leaders in architecting digital transformation projects according to their organization’s market positions, budgets, objectives, and corporate culture. Hyper-competitive, disruptive companies are jumping across technology adoption phases without regard to any phasing whatsoever. Companies focused on digital transformation often adopt emerging technologies immediately. They have become early adopters of technologies that can impact existing—and create whole new—business models and processes. This book examines this jump into new technologies, processes, and business models to prepare twenty-first century business leaders to make that leap.
Book Synopsis Blockchain Technology and its Impact on International Trade. What does the Future Hold? by : Mehedi Hasan
Download or read book Blockchain Technology and its Impact on International Trade. What does the Future Hold? written by Mehedi Hasan and published by GRIN Verlag. This book was released on 2021-10-18 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2021 in the subject Business economics - Miscellaneous, grade: Merit, University of Salford, course: International Business, language: English, abstract: The research aimed to analyse the impact of blockchain technology on international trade and find out how blockchain technology can improve the various fields of international trade. The research also intended to find the challenges regarding the implementation of blockchain technology in international trade to help companies achieve successful collaboration and understand what requirements need to be met in advance. The literature review of this research covered the fundamentals of blockchain technology, blockchain's role in facilitating supply chain and trade finance, the impact and adoption of blockchain technology, and blockchain implementation's key challenges. A qualitative approach was used based on 12 semi-structured in-depth interviews with ten companies operating in different business fields and two blockchain specialists to obtain empirical data. This research found that blockchain technology has significantly impacted international trade by improving supply chain efficiency, reducing the complexity of the paper-based trade process, and enabling faster cross-border payments. The empirical findings presented that blockchain can facilitate the supply chain by providing a high level of transparency and better product traceability. Furthermore, the findings showed that smart contracts could facilitate trade finance by providing automatic payments and eliminating intermediaries and blockchain-based ICOs could be a great fundraising option for innovative projects. However, this research also found that the large-scale implementation of blockchain in trade finance is still not possible due to government regulations. Blockchain technology ensures to transform the supply chain and trade finance and reduce the complexity of the current international trade process. However, some critical challenges are associated with blockchain implementation, and some essential requirements need to be met in advance for successful implementation, which was discussed in this research. Furthermore, several suggestions regarding the large-scale implementation of blockchain in trade finance were presented. The empirical findings will help companies develop their adoption strategies and prepare to implement the technology in the trade process. Furthermore, the findings of this research can bring new insight into the policymaking process regarding the implementation of blockchain in trade finance.
