Presenting a Conceptual Model and Factors Influencing the Implementation of Blockchain-Based Supply Chain Finance

Aeen, Soheyl; Nouri, Mahdi

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year 17, Issue 62 (2-2025)

JMBR 2025, 17(62): 565-595

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Presenting a Conceptual Model and Factors Influencing the Implementation of Blockchain-Based Supply Chain Finance

Soheyl Aeen¹

, Mahdi Nouri ^*²

1- Alborz Campus, University of Tehran & CBI
2- Faculty of Economics, University of Tehran

Abstract: (114 Views)

The integration of supply chain finance (SCF) with blockchain technology offers a groundbreaking approach to addressing the complexities of global trade, enhancing liquidity, and mitigating risks for companies engaged in production and distribution. Blockchain technology provides transparent and tamper-proof transaction records, fosters trust among stakeholders, eliminates the need for intermediaries, and streamlines SCF processes, ultimately reducing costs. This study presents a conceptual model and identifies the factors influencing the implementation of blockchain-based SCF. Employing a qualitative-descriptive research method, the research addresses the critical question of how blockchain technology integrates with SCF and its differentiation from traditional SCF models.
The research involved a comprehensive review of theoretical and empirical literature, systematic searches of domestic and international scientific databases, and semi-structured interviews with industry experts. The proposed conceptual model was validated through quantitative analysis, using data collected via questionnaires and analyzed through structural equation modeling. Findings revealed that blockchain significantly optimizes SCF by automating processes, reducing unnecessary transactions, and enhancing efficiency while lowering costs. Key blockchain features such as decentralization, smart contracts, and immutable credit recordkeeping positively impact transparency, processing speed, and effective risk management within SCF.

Article number: 1

Full-Text [PDF 419 kb] (26 Downloads)

Type of Study: Theoretical Article | Subject: Financial Institutions and Services (G2)
Received: 2024/12/21 | Accepted: 2025/02/4 | Published: 2025/04/13

References

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