Barriers to blockchain technology adoption in supply chains: the case of India

Abstract

In the era of digitalization, Blockchain is an evolving technology that has the potential to change the shape of numerous industries. Blockchain is considered the transforming technology that has the ability to change the conventional supply chain network by providing additional transparency of transactions in terms of information and physical goods. Additionally, the implementation of blockchain technology in the supply chain is required to accomplish the objectives of industry 4.0. However, there has to date been a scarcity of blockchain implementations due to the numerous barriers associated with it. Therefore, the primary aim of this research is to identify and investigate the major barriers to implementing blockchain technology in supply chains. We identified ten significant barriers to adopting blockchain technology through a literature review and expert opinions.