The Blockchain Technology Integration with Internet of Things for Digital supply Chain Transformation

Abstract

Numerous global supply chains lack the tools necessary to survive in the world. Because supply chain managers must change their focus from cost-cutting to enabling new processes, as well as making businesses more connected and flexible, in order to create value across the enterprise. Digitalization controls the networks that transforms today’s supply chains. However, supply chain management consists of intricate systems and procedures that span numerous ecosystems, partners, and geographical regions and are managed by a number of different stakeholders. The complexity of current supply chain management systems has resulted in a lack of effectiveness along the whole value chain, which delays transactions and erodes customer and organization trust globally. Therefore, in order to consider this concept to be examine, empirical research was conducted to assess the blockchain technology integration and internet of things and their impact on digital supply chain transformation. This research used a quantitative approach, descriptive and analytical methods used for assessment as well as a convenient random sampling technique. Data of 187 respondents used after screening 390 received responses from hardware manufacturing companies located in Dubai UAE. Data was tested using SmartPLS 4.0 by applying, reliability, validity, discriminant validity and hypothesis testing. The findings revealed a positive significant relationship between blockchain technology and digital supply chain transformation utilizing internet of things in an upgrading way.