Measuring barriers in adoption of blockchain in supply chain management system

The blockchain technology (BCT) or distributed ledgers is an emergent technology that allows the autonomous and immutable preservation of checked data by offering a revolutionary forum of a modern, decentralized and transparent exchange system for industries and companies. The inherited characteristics of BCT foster trust by clarity and traceability in every transaction involving records, products and financial capital. Through initial concerns, governments and major companies have recently investigated the implementation and improvement of this BCT in different fields of use, including supply chain (SC) networks. Slowly, the community of this sector realizes how profoundly blockchain (BC) could affect their industry. BC's ability to guarantee accuracy, quality control and authenticity of data, coupled with smart contractual partnerships, represents a major reconsideration of SC and supply chain management (SCM). It provides more and more logistic items with sensors that produce data in the SC, for example, on the shipment status. This data must be processed in an external, open manner. Current practices for the types of obstacles to implementing BCTs are implemented in the fields of interorganizational, intraorganizational, technological and external barriers. Procurement costs, shipping costs, inventory costs and quality costs are the four primary reasons that increased the expenses in the conventional supply chains. In this research, we have identified the barriers against the use or development of sustainable SCM, by taking views of 500 working professionals of various global SC-oriented companies. The study's outcome by using linear regression reviled economic obstacles, cross barriers, structure barriers and communication threats. Related barriers are BC barriers in general. Similarly, it can limit the use of BCT for SC. To improve these problems and to improve sustainability, the SC should also decrease resource use, reduce greenhouse gas emissions, check that the commodity is renewable in terms of greenhouse gas emissions, increase recycling, improve emissions sharing schemes (ETS) and improve governance using information management mechanism by understanding the barriers.