Quantifying the Dynamic Enablers of Blockchain Technology to Achieve Operating Performance: A Conceptual Framework

The evolution of Blockchain has revolutionized supply chain activities and has impacted numerous organizational functions. This research investigates the applications of Blockchain in the supply chain management of Indian cement industry. A sample of 285 retail industry suppliers (Delhi/NCR) was taken. The information is gathered using a structured questionnaire based on a five-point Likert scale and convenience sampling. Eight constructs with 34 manifests were discovered from previous studies, hypotheses are evaluated using factor analysis, and the model fit is achieved using confirmatory factor analysis (CFA) and structural equation modelling (SEM). Applications of blockchain technology will have a favorable impact on the supply chain of the cement industry because it offers better transparency in the supply chain, flexibility, sustainable process & transportation, effective utilization, and various relative benefits. The proposed model is the first to empirically substantiate and evaluate the multimodal framework in which applications of Blockchain act as a mediator to achieve operational performance. As a result, blockchain models should be implemented throughout the supply chain, which will benefit all stakeholders.