International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395-0056
Volume: 10 Issue: 05 | May 2023
p-ISSN: 2395-0072
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Bibliometric review of application of blockchain in supply chain management Akash Mishra1, Ayush Saini2, Ansh Jini3, N. Yuvraj4 1Student, B.Tech (Mechanical Engineering), Delhi Technological University, New Delhi, India
2 Student, B.Tech (Mechanical Engineering), Delhi Technological University, New Delhi, India 3 Student, B.Tech (Mechanical Engineering), Delhi Technological University, New Delhi, India
4Associate Professor, Dept. of Mechanical Engineering, Delhi Technological University, New Delhi, India
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Abstract - This paper analyzes the current state and
operational data[2]. While there are several studies on blockchain industrial applications, there has been minimal study on its integration into e-commerce supply chain management.
potential of blockchain technology in supply chain management through bibliometric analysis. The study employs bibliometric data-driven analysis using the Web of Science and Scopus databases to collect relevant literature from 2013 to 2023. The Vos Viewer software is used to visualize the collaborative relationships and themes among the sampled literature. The co-word analysis reveals that the development of blockchain technology is centered on supply chain management, traceability and transparency, supply chain financing, and sustainability. The study highlights the potential of blockchain technology in facilitating developed supply chains, and its combination with the Internet of Things, that can drive significant changes across various industries and supply chains. This paper provides valuable insights for academic researchers and industrial managers in adopting blockchain to improve supply chain management performance. The study identifies the technical features of blockchain that can address challenges in SCM and highlights its potential to improve consumer trust, secure transactions, and efficient management. However, technical limitations and the need for ongoing research and development remain challenges for large-scale implementation.
This paper illustrates bibliometric analysis to witness how blockchain technology has been used into supply chain management. We gathered academic articles on blockchain and supply chain management that had been published internationally using Scopus, a bibliographic database. The search returned 19,062 research articles with the keywords "blockchain" and "supply chain management," all of which were written between 2016 and 2023. The paper analyses how blockchain technology has the potential to improve supply chain management, notably in the areas of payment and supply chain management. The Vos Viewer software was used to build visualizations of the linkages and themes in the gathered literature on blockchain-powered supply chains. The analysis discovered that the number of blockchain studies was modest in the years after 2016, but that the number of relevant studies increased substantially from 2018 to 2022. This increase was most likely caused by the advent of new data connected to the properties of blockchain technology, such as the Internet of Things and big data. Furthermore, extensive blockchain research and implementation are related with the introduction of new technologies.
Key Words: Supply Chain Management, Blockchain Technology, Smart Contract, Vos Viewer Software, Scopus, IOT, financing, sustainability
1. INTRODUCTION Efficient supply chain management practices are critical for boosting performance and efficiency, but a fundamental challenge remains the lack of trust across various parties[1]. Blockchain technology, with its openness, visibility, and disintermediation qualities, offers enormous promise for addressing security issues in the trade process and building mutual confidence among all supply chain participants. However, its present supply chain use is restricted, and additional study is required to incorporate it into ecommerce supply chain management.
A co-word analysis diagram was developed using 4,106 keywords to comprehend the new advancements in the domains being addressed and to uncover new links between pre-existing scientific fields. According to the findings, blockchain technology development is centred in the areas of supply chain management, traceability and transparency, supply chain financing, and sustainability. The methodology and study strategy of a bibliometric analysis examining the integration of blockchain technology in supply chain management are discussed in this paper. The research on blockchain technology is also centered on the sectors of supply chain management, traceability and transparency, supply chain financing, and sustainability.
Blockchain has been widely adopted in many areas of life and industrial sectors in China as a strategic frontier technology. It efficiently tackles the issue of information opacity and asymmetry while ensuring the confidentiality of
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