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Article

Blockchain Technology Adoption in Supply Chain Finance

School of Business and Economics, Universitas Prasetiya Mulya, DKI Jakarta 12430, Indonesia
Academic Editor: Jani Merikivi
J. Theor. Appl. Electron. Commer. Res. 2021, 16(7), 3078-3098; https://doi.org/10.3390/jtaer16070168
Received: 12 August 2021 / Revised: 27 September 2021 / Accepted: 26 October 2021 / Published: 8 November 2021
(This article belongs to the Special Issue Blockchain Commerce Ecosystem)
Supply Chain Finance (SCF) faces the complex problem of implementing inventory, purchase order and accounts receivable financing automation in terms of transaction data trust and validation. This paper aims to explore how blockchain technology adoption solves the SCF problem using a multi-case method based on the Technological Acceptance Model (TAM). With purposive sampling, 30 cases were selected on the criteria of perceived usefulness and perceived ease of use in solving SCF problems. The results show that trust, validity and distributed ledger transaction data as perceived usefulness are the main drivers of blockchain adoption because it provides solutions to SCF automation problems such as Know Your Customer (KYC), accounting, and transaction settlement. Smart contracts offer easy and fast transactions such as in L/C export processing as perceived ease to use. Of the 30 blockchain projects, 21 offer the usefulness of automated accounts receivable financing, 15 offer easy-to-use purchase order financing and 8 offer easy-to-use inventory financing processes. This study provides the current state of blockchain technology adoption by exploring 30 real application cases in SCF globally. Blockchain advantages provide automation solutions in global supply SCF practices with smart contracts, transparency and security of distributed ledger data feature. View Full-Text
Keywords: supply chain finance; blockchain; TAM supply chain finance; blockchain; TAM
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MDPI and ACS Style

Rijanto, A. Blockchain Technology Adoption in Supply Chain Finance. J. Theor. Appl. Electron. Commer. Res. 2021, 16, 3078-3098. https://doi.org/10.3390/jtaer16070168

AMA Style

Rijanto A. Blockchain Technology Adoption in Supply Chain Finance. Journal of Theoretical and Applied Electronic Commerce Research. 2021; 16(7):3078-3098. https://doi.org/10.3390/jtaer16070168

Chicago/Turabian Style

Rijanto, Arief. 2021. "Blockchain Technology Adoption in Supply Chain Finance" Journal of Theoretical and Applied Electronic Commerce Research 16, no. 7: 3078-3098. https://doi.org/10.3390/jtaer16070168

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