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.