Blockchain Technology Adoption: Multinational Analysis of the Agriculture Supply Chain
Mahak Sharma, Ashwaq Al Khalil, Tuğrul Daim
Abstract
Agri-produce holds an inimitable place in human-life across the globe. It is an inevitable requirement of livelihoods across the globe. Advanced technologies to improve multiple aspects of agriculture have been developed in recent years. The blockchain technology (BCT) is among these technologies that is proving to be pivotal in supporting business transactions in today's digitally connected environment. This article explores BCT adoption in the agriculture supply chain while focusing on comparing the trends in developed versus developing economies. The study was geared toward identifying the enabling factors and barriers to BCT adoption in the agriculture supply chain. Data was collected from The Netherlands, United States, Saudi Arabia, and India. The study used the Interpretive Structural Modeling—Decision Making Trial and Evaluation Laboratory in identifying the factors and ranking them based on their extent of influence. While the study found differences of the enabling factors among the four economies, it also identified that policies are the most important enabler of BCT adoption in the agriculture supply chain.