Blockchain Deployment in the Retail Supply Chain

Abstract

The research aims to explore blockchain adoption for retail supply chain applications using two theoretical perspectives: supply chain capabilities and business value-added. Blockchain deployment in the retail supply chain helps in resolving some of the supply chain problems such as time delays, risks mitigation, information sharing, and product counterfeiting. In this study, various frameworks are conceptualized to understand, synthesize, and determine the value creation process. The research emphasizes that the benefits of blockchain deployment in the retail supply chain are broad-based and include enhanced trust and transparency, cost reduction, automation, increased processing speed, streamlined process, and disintermediation. The research also provides various illustrations to explain how retailers have successfully deployed blockchain technology in retail supply chains and improved their overall performance. Research also discusses the barriers to blockchain deployment in the retail supply chain and provides practical insights for smooth implementation.