Blockchain Technology for Supply Chain Efficiency in a Selected Business in Guangdong, China
DOI:
https://doi.org/10.71222/sm48wy07Keywords:
blockchain technology, supply chain efficiency, a selected businessAbstract
This study investigates the influence of blockchain technology integration on supply chain efficiency, considering demographic factors and organizational perspectives. Through a comprehensive analysis of survey data collected from diverse respondents, including sex distribution, age demographics, and hierarchical positions within organizations, the study explores perceptions of blockchain's significance and its impact on various supply chain functions. Key findings reveal a predominant representation of females and a demographic skewed towards younger age groups, indicating openness to technological advancements like blockchain. While blockchain is recognized for its role in ensuring record immutability and enhancing transparency, skepticism remains regarding its contribution to material management efficiency. Despite moderate improvements observed in inventory and logistics operations, challenges such as errors and delays persist, highlighting opportunities for further enhancement. Interestingly, no significant differences are found in perceptions of blockchain integration across gender and age groups, suggesting a unified understanding of its role in supply chain efficiency. However, variations are observed among hierarchical positions, with executives expressing higher confidence in blockchain's impact. Overall, there is a consistent perception of blockchain's positive influence on supply chain efficiency among all employees, regardless of job roles. The study underscores the need for continued research and exploration to fully harness the potential of blockchain technology in supply chain management. Recommendations include targeted initiatives to address challenges, enhance transparency, and streamline logistics operations, ensuring organizations maximize the benefits of blockchain integration for improved supply chain efficiency and resilience.
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