Responsive innovation of blockchain technology in traditional supply chains

Jiayu Hu, Zhen Tan

Research output: Chapter in Book/Conference proceedingBook Chapterpeer-review

Abstract

As a form of distributed ledger technology, blockchain is being increasingly studied for renovating traditional supply chains both theoretically and practically with a few real-world applications. However, the adoption of this technology may also lead to socioeconomic and environmental side-effects that could deviate it from the goal of being a responsive innovation. The recognition and understanding of the potential negative impact and risks of blockchain technology is a relatively recent development, especially for applications to operations and supply chain domain. In this chapter, we will scan a few recent studies by focusing on several potential challenges and disruptions for responsive integration of the technology into supply chain systems. Though few new suggestions are given, we highlight a need for careful considerations of these challenges and disruptions as well as creative and proactive system and policy design. Instead of giving a comprehensive literature review or discussion of this broad research topic, the main purpose of this chapter is to extract a few good examples and points from representative recent literature, so as to trigger timely investigations and explorations into the subject.
Original languageEnglish
Title of host publicationResponsible Innovation Management
EditorsHing Kai Chan, Martin J. Liu, Jie Wang, Tiantian Zhang
Place of PublicationSingapore
PublisherSpringer Singapore
Pages1-15
Number of pages15
ISBN (Electronic)9789811944802
ISBN (Print)9789811944796
Publication statusPublished - Sept 2022

Keywords

  • Blockchain technology
  • Supply chain management
  • Responsive innovation

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