Supply chain risk management with blockchain: A literature review and future research directions

Abstract

Coronavirus Disease 2019 (COVID-19) has put tremendous pressure on global supply chain risk management (SCRM). Recent technological advances, especially blockchain technology (BCT), a leader in distributed digital technology with its traceability, transparency, immutability, and district-centralization features, have shown some success in several areas of supply chain risk management. However, the literature lacks a comprehensive analysis of the relationship between blockchain and SCRM. The work in this paper provides a comprehensive review of the relatively limited literature in this area. An analysis of 51 shortlisted articles from the scopus database shows that the field is still in a rapid development phase and researchers have shown remarkable interest in it. The main objective of this study is to review the current state of research so that researchers can clearly understand the research gaps in the application of blockchain technology in supply chain risk management. In addition, this study provides an future outlook for researchers and practitioners to focus on the application of corporate blockchain in supply chain risk management in the wake of the COVID-19 pandemic.