The impact of blockchain adoption in supply chain systems on corporate performance: a technology–organization–environment framework

Abstract

The instability of the international political environment and frequent occurrence of unpredictable events have introduced greater uncertainty to the external environment of supply chains. Consequently, supply chain operations and development face increasing challenges. With a decentralized architecture, blockchain technology has emerged as an innovative solution capable of addressing various supply chain management issues. However, existing research on the adoption and impact of blockchain technology on corporate performance is limited, particularly within the technology–organization–environment (TOE) framework. Drawing from relevant studies, this study identifies traceability, information sharing, transparency and decentralization as the four perceived benefits of blockchain technology, and proposes a model to evaluate the impact of blockchain technology on corporate performance. Additionally, it examines the moderating effects of technological uncertainty, corporate social responsibility (CSR) orientation, and market uncertainty on the blockchain adoption within the TOE framework.

Keywords:

• Blockchain
• supply chain
• TOE framework
• corporate performance
• technology adoption

Disclosure statement

None.

Additional information

Funding

This work was supported by the National Natural Science Foundation of China [grant number 72302210, 72072110, 72032007]; the STU Scientific Research Institution Grant [grant number STF20013]; the Philosophy and Social Science Planning Program of Guangdong Province [grant number GD21YDXZGL01].

Notes on contributors

Xuebing Dong

Dr. Xuebing Dong is an Associate Professor of Marketing in the School of Management at Shanghai University. He received a doctorate from Huazhong University of Science and Technology. His research interests include online communications, social media and video marketing. His research has appeared in Journal of Business Ethics, Electronic Commerce Research and Application, Internet Research and Information Technology & People. He served as associate editor of Electronic Commerce Research and editorial board member of Journal of Consumer Behaviour and Current Psychology.

Xiancheng Hao

Xiancheng Hao is currently pursuing his Ph.D. in business administration from Chongqing University, PR China. He received his master’s degree in management at Shanghai University. His research interests include collaborative intelligence and innovation adoption.

Chuangneng Cai

Dr. Chuangneng Cai is an Assistant Professor of Marketing in the School of Business at Shantou University. He received his Ph.D. in marketing from Xiamen University. His research interests include innovation adoption, social media marketing, and green marketing. Additionally, he serves as the head of the Big Data Research and Application Centre at Shantou University.

Xinyu Li

Xinyu Li is a postgraduate at the school of management, Shanghai University, PR China. His research interests include innovation adoption.

Kui Wang

Dr. Kui Wang is an associate professor in School of Business at Southwest University of Political Science and Law. He received his Ph.D. from the School of Management, Xiamen University. His research interests include non-market strategy, marketing-finance interface, and corporate compliance.

Jie Zhang

Jie Zhang is a postgraduate in the School of Business at Shantou University. Her research interests include marketing strategy and digital transformation.