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Innovation adoption of blockchain technology in supply chain finance
Published in Production Planning & Control, 2022
Yu Gong, Tianyu Zhang, Peiwu Dong, Xiangfeng Chen, Yangyan Shi
Furthermore, it must be conceded that the existing data management systems in supply chains are mature, practical, and efficient, such as the order management system (OMS), warehouse management system (WMS), supplier relationship management (SRM), and enterprise resource planning (ERP) (Gunasekaran and Ngai 2004). The value creation from exploiting BCT in SCF comes from integrating it with existing systems because BCT can only ensure the authenticity and reliability of the recorded data, failing to replace the functions of existing systems (Hastig and Sodhi 2020). As a consequence, organisations at this stage need to focus on developing interfaces between BCT and the existing management systems in the supply chain, to improve interoperability and facilitate mass adoption (Pournader et al. 2020).